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14 Jun 2023

Stephenson Harwood advises MPC Container Ships on US$102 million loan facility for two eco-design container ships

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Law firm Stephenson Harwood LLP has advised MPC Container Ships (MPCC) on its recent US$102 million loan facility from Crédit Agricole Corporate and Investment Bank (CACIB).

The loan facility will finance MPCC's acquisition of two wide beam eco-design container ships under construction at HJ Shipbuilding & Construction in South Korea and due for delivery in 2024. The facility is backed by Korea Trade Insurance Corporation (K-SURE) and consists of K-SURE-insured tranches and commercial tranches.  

The vessels' eco-design will have a significant impact on MPCC's trading capacity and improve the environmental footprint of the MPCC fleet.

Upon delivery, the vessels will be chartered to ZIM Integrated Shipping Services on seven-year time charters.

MPCC is an international containership company specialising in serving intra-regional trade lanes, and owns and operates one of the largest feeder fleets globally.

The Stephenson Harwood team was led by partner Dora Mace-Kokota and managing associate Roderick McGeachy.

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Roderick McGeachy

Roderick McGeachy
Managing associate

T:  +44 20 7809 2223 M:  Email Roderick | Vcard Office:  London

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Rose Charteris

Senior communications & PR executive

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