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13 Dec 2022

Stephenson Harwood advises Global Chartering Limited on US$30 million loan facility

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Law firm Stephenson Harwood LLP has advised Global Chartering Limited (GCL) in relation to a US$30 million loan facility from BNP Paribas (BNPP).

The loan facility will assist GCL with its acquisition of the vessels AM POINT LISAS, AM GHENT and AM TUBARAO, which are coming off long-term leases. GCL is a joint venture between ArcelorMittal, a world leading steel and mining company, and Drylog, a renowned dry bulk shipping company. GCL currently operates 47 dry cargo vessels, which range from Supramax to Cape Size.

The Stephenson Harwood team was led by partner Shaun Park, who was supported by managing associate Elena Tang.

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KEY CONTACT

Shaun Park

Shaun Park
Partner

T:  +44 20 7809 2541 M:  Email Shaun | Vcard Office:  London

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Rose Charteris

Senior communications & PR executive

T: +44 20 7809 2961 
Email Rose