Contact details

Mark Russell

T: +44 20 7809 2600 Email Mark Office: London

Mark Russell Partner

Contact details

Mark Russell

Mark Russell

T: +44 20 7809 2600 Email Mark Office: London

A ship and offshore finance expert, Mark is a Partner and head of our Ship Finance group. He represents many of the market's leading banks on the whole range of financings including debt transactions, leasing and sale and leasebacks.
  • Profile
  • Services
Mark represents major international shipowners, both on finance and on contractual issues. On the offshore side, he has ​worked on a number of LNG financings, acting for agent banks including SMBC, HSBC, DNB, Mizuho and ING. He has been involved in numerous financings involving both commercial and ECA debt.

As well as LNG financings, he has also negotiated a number of contracts for the building and operation of Floating Production, Storage and Offloading (FPSO) units, rigs and other offshore equipment.

Mark is ranked by The Legal 500 and Chambers UK guides as a leading individual for asset finance and shipping finance.  From his knowledge gained through years of experience, he is the author of a chapter in Euromoney's 3rd Edition of Shipping Finance.

“He has been a fixture in shipping for many years and knows the area very well.”
Chambers Global 2015
  • Ship & Offshore Finance

DVB Bank America N.V. senior multi-tranche facility

Advised the bank on a USD$1.32 billion senior multi-tranche facility made available to a Norwegian drilling company with ECA support to finance the construction of two semi-submersible rigs.

DNB Bank ASA revolving credit facility for a special investment vehicle

Acted for the agent of a syndicate of banks for a USD$300 million revolving credit facility to a newly incorporated special investment vehicle created to capitalise on the tanker market surge by acquiring and operating tanker vessels.

Export credit agency backed tranches and commercial bank tranche with pooled security

Represented lenders of three facilities financing the Bonny Gas Transport purchase of 6 liquefied natural gas vessels. The complex financing arrangements involved two separate export credit agency backed tranches and a commercial bank tranche with pooled security.

DNB Bank ASA and Mizuho Corporate Bank

Acted for both banks for the USD$608 million restructuring of the 2011 joint venture vehicle established by Teekay Corporation and Marubeni Corporation for the acquisition of AP Moeller-Maersk's LNG shipping business.

More: Ship & Offshore Finance
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