Contact details

Martin Brown

T: +65 6622 6232 M: +65 9298 0045 Email Martin Office: Singapore

Awards

Leading individual for Shipping: International: Finance - Singapore

Leading individual for Shipping: International: Finance - Singapore

Recommended lawyer for Shipping: Singapore

Recommended lawyer for Shipping: Singapore

Martin Brown Partner

Contact details

Martin Brown

Martin Brown
Partner

T: +65 6622 6232 M: +65 9298 0045 Email Martin Office: Singapore

Martin is recognised as one of Singapore’s leading transactional maritime lawyers having been based in the region since 2003.
  • Profile
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Martin specialises in cross-border ship finance and offshore maritime transactional matters. These include debt financings, leasing, international joint ventures and both conventional and Islamic private equity investments. He has extensive experience advising a range of clients, including banks, private equity firms, funds and companies involved in capital raising, debt restructuring and rescheduling and distressed creditor and debtor advisory work.

He has particular expertise in advising companies on their project investment activities in the marine and energy sectors, including structuring, acquisition and asset employment and chartering, and brings an intrinsic understanding of the day to day operational challenges a maritime company faces.

“he is admired by clients for his “can-do approach, ability to make things happen” and “fast, efficient” working style.”
Chambers Asia Pacific 2016

  • Ship and offshore finance
  • Joint ventures
  • Projects and infrastructure
  • Restructuring and insolvency

Sumitomo Mitsui Banking Corporation

Advised SMBC, the agent bank in a syndicate of six banks/financial institutions including OCBC, CIC, DBS, Société Générale and the financial institution Clifford Capital on secured loan facilities for the purchase of two LNG newbuildings by special purchase vehicles owned by BW Pavilion (a joint venture between BW Maritime and Pavilion Energy). Marine Money Deal of the Year, 2016 - Project Finance East.

Oro Negro

Advised Oro Negro as issuer of the largest high yield bond ever issued in the Norwegian market to refinance the acquisition of four jack-up drilling rigs which are operated in Mexico. Norwegian Bond Deal of the Year Award, 2015. Marine Money Offshore.

KMARIN

Advised NAB, BNPP and SMTB as lenders’ counsel in connection with three separate facilities for the financing of four LNG carriers to be owned by Korean owners and chartered to an oil major on long-term charters. The loan was structured on a project financing basis.

Safeena

Advised Islamic shipping fund Safeena (L) Ltd on its first investment, which was made through an Istisna'a and Ijarah mawsufah fi zimmah structure (a deferred purchase and forward lease arrangement) in a 19,900 dwt stainless steel chemical carrier with a Norway-based entity which owns and operates chemical carriers. This was the first investment by an Islamic shipping fund outside the Middle East, and the first transaction ever to use this structure.

Chinese leasing

Advised a major lessor on the sale and leaseback of two vessels for a European owner.

MISC

Advised MISC as borrower’s counsel on the financing of two LNG carrier newbuilds which were chartered to Petronas.

Dynamic Offshore

Advised Cyprus-based Dynamic Offshore Drilling Limited, on the vessel construction and delivery of its new 350 foot KFELS B Class jack-up rig “Dynamic Vision” constructed at Keppel FELS shipyard in Singapore. Advised on the equity raising by way of private placement and subsequent shareholder arrangements, as well as the senior and mezzanine debt financing.

DVB

Advised DVB on its financing by way of debt plus equity with share buyback arrangements for an offshore accommodation unit for Marine Assets Corporation. The vessel was an innovative design and was ordered on a speculative basis – the deal ended up in the highest return for a shipping bank known.

More: Ship and offshore finance

Seacor Marine

Advised Seacor Marine on the innovative joint venture with the world’s largest ship owner, COSCO Shipping Group, on COSCO’s first ever joint venture, the purchase of 10 PSVs from a COSCO shipyard and structured deferred payment terms.

Dynamic Offshore

Advised Cyprus-based Dynamic Offshore Drilling Limited, on the vessel construction and delivery of its new 350 foot KFELS B Class jack-up rig “Dynamic Vision” constructed at Keppel FELS shipyard in Singapore. Advised on the equity raising by way of private placement and subsequent shareholder arrangements, as well as the senior and mezzanine debt financing.

DVB

Advised DVB on its financing by way of debt plus equity with share buyback arrangements for an offshore accommodation unit for Marine Assets Corporation. The vessel was an innovative design and was ordered on a speculative basis – the deal ended up in the highest return for a shipping bank known.

Floating Production

Advised a leading floating production company on a joint venture with a major conglomerate and the construction, acquisition, contracting, offtake and funding of the project.

Renewables in China

Advised on a joint venture with a Chinese conglomerate for servicing offshore wind farms in China.

More: Joint ventures

Floating Production

Advised a leading floating production company on a joint venture with a major conglomerate and the construction, acquisition, contracting, offtake and funding of the project in South America.

Floating gas

Advising a leading owner on the chartering, construction and financing of a FSRU in Asia.

FPU

Advised lenders on the financing of a mobile offshore production unit and floating storage unit deployed in Western Africa.

FPSO

Advised investors and the company on the structuring, contracting and funding of a floating production, storage and offtake vessel in Indonesia.

More: Projects and infrastructure

Seacor Marine

Advised Seacor on its acquisition and financing of 11 vessels from the Pacific Richfield Marine group (which was in receivership).

Receivership acquisition

Assisted in structuring and effecting the acquisition of a shipping group from receivers, creating an innovative solution to a problem held by a leading bank to ensure maximum flexibility for recovery and addressing the bank’s capital reserves concerns.

Chinese leasing company

Advised a Chinese financial leasing company on the acquisition for its own account of vessels out of a number of insolvency procedures.

Jasper Explorer

Advised the buyer on the acquisition of a group of companies and a drillship out of receivership.

Restructuring

Advised lenders on the restructuring of three separate facilities to an Asian based owner.

Defaulting buyer

Advised a major offshore company on the structuring the acquisition of a dive support vessel from a yard in Singapore where the original purchaser had defaulted on the purchase.

More: Restructuring and insolvency

  • Shipping
  • Banks and banking

BW Group

Advised BW on its acquisition of two fleets of product tankers to establish what is now BW Tankers.

Chinese leasing company

Advised a Chinese financial leasing company on the acquisition for its own account of vessels out of a number of insolvency procedures.

Sumitomo Mitsui Banking Corporation

Advised SMBC, the agent bank in a syndicate of 6 banks/financial institutions including OCBC, CIC, DBS, Société Générale and the financial institution Clifford Capital on secured loan facilities for the purchase of two LNG newbuildings by special purchase vehicles owned by BW Pavilion (a joint venture between BW Maritime and Pavilion Energy). Marine Money Deal of the Year, 2016 - Project Finance East.

KMARIN

Advised NAB, BNPP and SMTB as lenders’ counsel in connection with three separate facilities for the financing of four LNG carriers to be owned by Korean owners and chartered to an oil major on long-term charters. The loan was structured on a project financing basis.

MISC

Advised MISC as borrower’s counsel on the financing of two LNG carrier newbuilds which were chartered to Petronas.

Safeena

Advised Islamic shipping fund Safeena (L) Ltd on its first investment, which was made through an Istisna'a and Ijarah mawsufah fi zimmah structure (a deferred purchase and forward lease arrangement) in a 19,900 dwt stainless steel chemical carrier with a Norway-based entity which owns and operates chemical carriers. This was the first investment by an Islamic shipping fund outside the Middle East, and the first transaction ever to use this structure.

Commercial operations

Assisted a shipowner with the enhancement of its chartering strategy.

More: Shipping

Sumitomo Mitsui Banking Corporation

Advised SMBC, the agent bank in a syndicate of 6 banks/financial institutions including OCBC, CIC, DBS, Société Générale and the financial institution Clifford Capital on secured loan facilities for the purchase of two LNG newbuildings by special purchase vehicles owned by BW Pavilion (a joint venture between BW Maritime and Pavilion Energy). Marine Money Deal of the Year, 2016 - Project Finance East.

KMARIN

Advised NAB, BNPP and SMTB as lenders’ counsel in connection with three separate facilities for the financing of four LNG carriers to be owned by Korean owners and chartered to an oil major on long-term charters. The loan was structured on a project financing basis.

DVB

Advised DVB on its financing by way of debt plus equity with share buyback arrangements for an offshore accommodation unit for Marine Assets Corporation. The vessel was an innovative design and was ordered on a speculative basis – the deal ended up in the highest return for a shipping bank known.

More: Banks and banking

Awards

Leading individual for Shipping: International: Finance - Singapore

Leading individual for Shipping: International: Finance - Singapore

Recommended lawyer for Shipping: Singapore

Recommended lawyer for Shipping: Singapore

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Shipping and offshore finance expert Martin Brown joins Stephenson Harwood (Singapore) Alliance

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© Stephenson Harwood LLP 2016. Any reference to Stephenson Harwood in this document means Stephenson Harwood LLP and/or its affiliated undertakings. Any reference to a partner is used to refer to a member of Stephenson Harwood LLP.