OceanPoint Marine Lending Welcomes JP Shipman as Yacht Finance Specialist

Luxury marine industry veteran joins growing team of recreational lending experts

OceanPoint Marine Lending, a division of BankNewport, is pleased to announce the addition of JP Shipman as Yacht Finance Specialist. In this role, Shipman will deliver professional yacht financing solutions for a wide range of clients, from $25,000 tenders to $25 million superyachts.

Shipman is a resident of Florida servicing the areas of Naples and Palm Beach, in addition to Newport, Rhode Island and Nantucket, Massachusetts.

Shipman brings more than two decades of experience in the superyacht industry, including roles in brokerage, charter, new builds, and operational consulting. Prior to joining OceanPoint, he held leadership roles at firms such as Superyacht Lending, Camper & Nicholsons, Engel & Völkers Yachting, and Northrop & Johnson. He is a past board member of the International Superyacht Society and an active member of the U.S. Superyacht Association and The International Seakeepers Society.

“JP’s deep knowledge of the superyacht space, combined with his extensive network and client-first approach will be an asset to our growing team,” said Dustin Howard, Vice President, National Sales Manager at OceanPoint Marine Lending. “We are thrilled to welcome him aboard and continue enhancing our offerings for high-end recreational lending.”

About OceanPoint Marine Lending:

OceanPoint Marine Lending, a division of BankNewport, is a recreational financing company specializing in marine and recreational vehicle (RV) loan originations. With one of the largest networks of quality bank lenders in the industry, OceanPoint offers competitive and flexible marine and RV financing programs, including new and used boat/RV purchases, refinancing options, limited and full-time charter, live-aboard, and older boat financing. OceanPoint’s team of lending specialists averages over 20 years of industry experience and is dedicated to helping customers make their dream of boat and RV ownership a reality. For more information, please visit www.oceanpointmarinelending.com.

About BankNewport:

Founded in 1819 and headquartered in Newport, BankNewport offers a full suite of loan and deposit products and services for families and businesses throughout Rhode Island. BankNewport is one of the oldest banks in the United States and, as a mutual organization, is committed to the financial success of its customers, employees, and the community for 206 years. BankNewport has nineteen branch locations, a community lending center in Central Falls, and a commercial lending office in Providence. OceanPoint Marine Lending, a business line of BankNewport, specializes in consumer marine and recreational vehicle financing programs.

Through its All In Giving program, BankNewport is committed to supporting nonprofits with areas of impact focused on basic human needs, children and families, education, economic security, healthy lives, arts and culture, and the environment. BankNewport has awarded over $7.7 million in grants, sponsorships, and donations over the past five years to a wide range of nonprofits to help strengthen and enrich lives and communities throughout Rhode Island. Financial education and community service performed by employees totals 10,000 hours annually. For more information, please visit www.BankNewport.com.