Contact details

Ian Mace

T: +44 20 7809 2653 M: +44 7827 353 109 Email Ian | vCard Office: London

Awards

Asset finance: Shipping finance

Asset finance: Shipping finance

Transport financing & leasing

Transport financing & leasing

Yachts & superyachts

Yachts & superyachts

Ian Mace Global head of ship finance

Contact details

Ian Mace

Ian Mace
Global head of ship finance

T: +44 20 7809 2653 M: +44 7827 353 109 Email Ian | vCard Office: London

Ian is a partner and head of our ship finance group. He is an expert in the asset finance sector, specialising in ship, offshore and superyacht finance. Ian has broad experience of various financing transactions, from conventional debt, private equity and Islamic finance to leasing and restructuring. He provides quality advice in a commercial context with exceptional levels of service. Ian is recognised in The Legal 500 UK 2023 guide as a leading individual and in Chambers UK 2023 guide as a notable practitioner.
  • Profile
  • Services
  • Sectors

Ian has a wealth of experience in complex financing structures, including export credit backed new building financings, financing of receivables pursuant to pool agreement, seller's credit transactions, Islamic financings and sale and lease back transactions. He has also led teams involved in the disposal and acquisition of loan portfolios for a number of high profile financial institutions.

Ian acts for a mixture of financial institutions, ship-owners and operators, joint ventures, funds, private equity groups and shipbuilders in a broad variety of transaction types, which allows him to anticipate the issues that his counterparts will raise and enable him to offer commercial solutions.

Ian has been involved in the restructuring of a number of high profile financings in varying stages of distress, and has also advised in respect of a number of transactions that have involved enforcement action including the arrest and auction of vessels in a number of jurisdictions.

Highly regarded by his clients, Ian is commended for being sharp, quick on his feet, well prepared and able to argue any case clearly and convincingly. He has also contributed to the fourth edition of the leading ship finance industry handbook, Shipping Finance.

Ian is a core member of the Stephenson Harwood yacht and superyacht team and regularly advises on non-contentious matters in the sector.

“He's a seasoned professional with very high skills and ethics."

Chambers UK 2023

  • Shipowners and operators
  • Ship and offshore finance
  • Private equity
  • Islamic finance

K-sure and GIEK backed financing

Advising a Norwegian based shipping group on a loan facility consisting of a commercial bank tranche, GIEK supported tranche and K-sure supported tranche in respect of the delivery financing of an accommodation vessel.

Tanker financing

Advising a joint venture established between a UK based shipping group and a US based private equity group in respect of the financing of five product tankers.

Dry bulk financing

Advising a joint venture established between an Italian based shipping group and a US based private equity group in respect of the financing of five product tankers.

More: Shipowners and operators

K-sure and GIEK backed financing

Advising a Norwegian based shipping group on a loan facility consisting of a commercial bank tranche, GIEK supported tranche and K-sure supported tranche in respect of the delivery financing of an accommodation vessel.

Sinosure backed financing

Advising a Dutch based bank on a Sinosure backed loan facility to a NASDAQ listed shipping group in relation to the delivery financing of three dry bulk carriers.

Financing and restructuring

Advising a Norwegian based bank in respect of the GIEK supported financing of a number of seismic vessels subject to Russian bareboat charter registrations and resulting restructuring.

Sale and leaseback

Advising on the sale and leaseback of a product tanker subject to a bareboat charter registration on the Latvian flag.

Restructuring of loan facilities

Advising the agents of syndicates of European banks in respect of the restructuring of loan facilities in respect of fourteen tankers.

More: Ship and offshore finance

Joint venture establishment and resulting financing

Advising a European private equity group in respect of the establishment of a joint venture with a Greek shipping group and the subsequent financing of the two newbuildings.

Joint venture establishment and resulting financings

Advising a UK based shipping group in respect of the establishment of a joint venture with a US based private equity group and numerous acquisitions, registrations and financings of a number of second-hand vessels.

Acquisition and financing of tankers

Advising a joint venture established by a US based private equity group and a Singapore based shipping group in respect of the acquisition, registration and financing of a number of second-hand tankers.

Norwegian tanker financing

Advising a number of Norwegian based banks in respect of the financing of 6 products tankers acquired by a joint venture established between a US based private equity group and a Norwegian based shipping group.

More: Private equity

Financing of vessels

Advising a Middle East based fund in respect of the financing of 14 vessels operating in African waters involving Nigerian and Ghanaian bareboat registrations. 

Restructuring of a Murabaha facility

Advising a Middle East based fund in respect of the restructuring of a Murabaha facility secured over offshore support vessels.

Financing of product tankers

Advising a Dubai based bank in respect of a Murabaha facility in respect of 5 product tankers acquired by a Middle East based fund.



More: Islamic finance

  • Banks and banking
  • Offshore
  • Marine
  • Shipbuilders
  • Retail and luxury goods

Portfolio disposals

Advising a New York based bank in respect of the transfer of its loan portfolio to a newly established vehicle.

Sinosure backed financing

Advising a Dutch based bank on a Sinosure backed loan facility to a NASDAQ listed shipping group in relation to the delivery financing of three dry bulk carriers.

Financing and restructuring

Advising a Norwegian based bank in respect of the GIEK supported financing of a number of seismic vessels subject to Russian bareboat charter registrations and resulting restructuring.

Restructuring of loan facilities

Advising the agents of syndicates of European banks in relation to the restructuring of loan facilities in respect of fourteen tankers.

More: Banks and banking
    

Financing and restructuring

Advising a Norwegian based bank in respect of the GIEK supported financing of a number of seismic vessels subject to Russian bareboat charter registrations and resulting restructuring.

 

Offshore vessel financing

Advising a Singapore based bank in respect of the financing of 16 offshore support vessels for a Middle Eastern based shipping group.

 
Advising a number of financial institutions in respect of the financing of offshore support vessels for a Dubai based shipping group operating such vessels being subject to bareboat charter registrations within Azerbaijan and Kazakhstan.

More: Offshore

K-sure and GIEK backed financing

Advising a Norwegian based shipping group on a loan facility consisting of a commercial bank tranche, GIEK supported tranche and K-sure supported tranche in respect of the delivery financing of an accommodation vessel.

Tanker financing

Advising a joint venture established between a UK based shipping group and a US based private equity group in respect of the financing of five product tankers.

Dry bulk financing

Advising a joint venture established between an Italian based shipping group and a US based private equity group in respect of the financing of five product tankers.

More: Marine

Seller's credits

Advising a Korean shipbuilder in respect of the provision of seller's credits and related intercreditor arrangements in respect of eight newbuildings.

Seller's credits and restructuring

Advising a Korean shipbuilder on the provision of seller's credits and related intercreditor arrangements in respect of six newbuildings and related restructuring.

Seller's credits and extensions

Advising a Korean shipbuilder in respect of the provision of seller's credits and extensions thereto in respect of four newbuildings.

Acquisition of superyachts

Advising HNWIs in respect of the building contracts, acquisition contracts and registrations of superyachts.

Financing of superyachts

Advising a variety of financial institutions and HNWIs in respect of the financing of superyachts including structuring financing arrangements for superyachts that are subject to Maltese and Cypriot lease structures.

Enforcement action against superyachts

Advising a variety of financial institutions in respect of taking possession of and the arrest and court auction of a number of superyachts.

More: Retail and luxury goods

Awards

Asset finance: Shipping finance

Asset finance: Shipping finance

Transport financing & leasing

Transport financing & leasing

Yachts & superyachts

Yachts & superyachts

Latest news & insights

16 Nov 2023

From News

Stephenson Harwood advises Societe Generale on financing of new-build LNG bunker supply vessel

Law firm Stephenson Harwood LLP has advised Societe Generale on the $35.9 million financing of a newly built 12,500 cubic metre LNG bunker supply vessel that was deliv..

More

18 Oct 2023

From News

Stephenson Harwood advises Fleetscape on $92 million sale and leaseback of six supply vessels

Law firm Stephenson Harwood LLP has advised Fleetscape Capital Limited on the sale and leaseback of six platform supply vessels (PSVs) to Golden Energy Offshore Servic..

More

02 Oct 2023

From News

Stuart McAlpine joins Stephenson Harwood as partner

Law firm Stephenson Harwood LLP has strengthened its ship and offshore finance practice with the arrival of partner Stuart McAlpine, who joins the firm in London.

More

01 Aug 2023

From Insights

Transportation and trade newsletter

Welcome to the first edition of Stephenson Harwood’s transportation and trade update – our specialist newsletter for clients engaged in the aviation, marine, rail and ..

More

31 Mar 2023

From News

Stephenson Harwood lawyers named in Thomson Reuters Stand-out Lawyers list

12 Stephenson Harwood lawyers have been named Thomson Reuters Stand-out Lawyers in 2023.

More

02 Mar 2023

From News

Stephenson Harwood advises on US$685 million syndicated loan

Law firm Stephenson Harwood LLP has advised Crédit Agricole Corporate and Investment Bank (CACIB), in its role as agent on behalf of a syndicate of finance parties, on..

More

21 Dec 2022

From News

Stephenson Harwood advises Fleetscape on US$50 million deal with CNC Ventures Ltd

Stephenson Harwood has advised Fleetscape Capital Limited (Fleetscape) on its US$50 million term loan facility with CNC Ventures Ltd (CNC).

More

13 Dec 2022

From News

Stephenson Harwood advises Fleetscape on US$49 million deal with Maritime Logistics Equity Partners

Stephenson Harwood has advised Fleetscape Capital Limited (Fleetscape) on its US$49 million sale and leaseback facility with Maritime Logistics Equity Partners (MLEP).

More

27 Jan 2022

From News

Stephenson Harwood advises DNB Bank on US$154 million deal

Law firm Stephenson Harwood LLP has advised DNB Bank ASA (“DNB”) in connection with a US$154 million secured term loan advanced to a joint venture vehicle established ..

More

18 Nov 2021

From Insights

USD loans - Countdown to SOFR … but which one?

From 1 January 2022 lenders should not issue new loans referencing USD LIBOR, even though USD LIBOR for most tenors will continue to be published until 30 June 2023.

More

29 Oct 2021

From News

Stephenson Harwood wins at IFLR Middle East Awards 2021

Law firm Stephenson Harwood LLP was awarded 'M&A Deal of the Year' at the IFLR Middle East Awards 2021.

More

15 Feb 2021

From News

Stephenson Harwood advises Fleetscape on innovative securitisation facility

Law firm Stephenson Harwood LLP has advised Fleetscape Capital Limited (Fleetscape) on an innovative financing structure with Macquarie Bank Limited (Macquarie).

More

05 Feb 2021

From Insights

Demystifying the complex world of DAC6

Our latest briefing takes a look at the implications of the DAC6 Regulations for the ship finance community

More

13 Jan 2021

From News

Stephenson Harwood advises EnTrust on loan facility to United Overseas Group (UOG)

International law firm Stephenson Harwood LLP has advised EnTrust Global’s Blue Ocean Funds on a loan facility to United Overseas Group

More

15 Oct 2020

From Insights

Ship finance green finance bulletin

This publication explores the approaches being taken by the ship finance industry in making this transition and sets out views on future steps needed in order to promo..

More

02 Jul 2020

From News

Stephenson Harwood advises EnTrust on $27.5 million loan facility

Law firm Stephenson Harwood LLP has advised EnTrust Global’s Blue Ocean Funds (Entrust) on a $27,500,000 loan facility to PT Buana Lintas Lautan TBK (BULL).

More

print-footer
logo
© 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.