MHF was incorporated in 2002 and its directors and staff have considerable experience of financing ships, ROV’s and oil & gas production equipment. MHF also provides ‘in house’ financing for a wide range of companies and products and sees the joint venture with Wright International Marine Finance Ltd as a natural development to fully utilise the business model that Wright International Ltd offers to the marine industry.

‘We see the synergy between Merchant House Finance and Wright International Marine Finance as a way of channelling our well established marine financing activities through the successful internet medium of Wright International Ltd. This new venture will only fund direct customers of Wright International Ltd and will increase the brand awareness both in the commercial and the leisure marine sectors’, said John Lutterloch, chairman and chief executive of Merchant House Finance.

Wright International Ltd has an established global brokerage sector in both commercial and leisure sectors. China’s staggering economic growth in shipbuilding did not go unnoticed by Wright International Ltd when they signed up to market the cargo ships, tugs, workboats, passenger vessels, crew boats and support vessels from the various yards they were approached by. One of the latest listings was an impressive 660 TEU feeder ship..

Mr Robert J. Wright and Mr Greig Wright, joint managing directors of Wright International Ltd stated, ‘It is no secret that the marine industry suffers as a result of the financial intuitions’ reluctance to work with operators and companies in the industry. This joint venture will provide Wright International Ltd with the opportunity to approach the Port Authorities, tug operators and workboat operators throughout the world to let them know that their next vessel can be considered for funding through our sister company, Wright International Marine Finance Ltd.’