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13 Dec 2022

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

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Stephenson Harwood has advised Fleetscape Capital Limited (Fleetscape) on its US$49 million sale and leaseback facility with Maritime Logistics Equity Partners (MLEP). The deal was supported with financing from Macquarie Bank Limited, London Branch pursuant to a recently concluded securitisation transaction.

The new financing enabled MLEP to add four additional vessels to its fleet; these vessels were simultaneously entered into a commercial pool managed by WOMAR.

The transaction is secured against the four vessels and was to support MLEP's desire to take advantage of opportunities in the second hand chemical tanker market.

The Stephenson Harwood team was led by partner Ian Mace, who was supported by associate Joanna Katsaouni.

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Ian Mace

Ian Mace
Global head of ship finance

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

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Freddie Harrison
Senior communications & PR manager

T: +44 20 7809 2832 
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