Contact details

Iain Young

T: +65 6622 9665 M: +65 9836 2952 Email Iain | vCard Office: Singapore

Awards

Leading individual for Shipping: International: Finance – Singapore and Global-wide

Leading individual for Shipping: International: Finance – Singapore and Global-wide

Leading individual for Shipping: Singapore

Leading individual for Shipping: Singapore

Hall of fame for Asset finance: Singapore

Hall of fame for Asset finance: Singapore

Iain Young Partner

Contact details

Iain Young

Iain Young
Partner

T: +65 6622 9665 M: +65 9836 2952 Email Iain | vCard Office: Singapore

As a pioneer in the market, Iain has a strong reputation and leads on some of the biggest shipping and offshore mandates in Asia. He continues to be a key partner contact for prominent ship owners and operators, certain lessors and leading shipping finance banks.
  • Profile
  • Services
  • Sectors
  • Locations

Iain covers all aspects of shipping and offshore finance from complex and structured syndicated asset finance through to sale and leaseback, restructuring and work-outs, loan and portfolio transfer and sale and purchase transactions.

“Iain Young is very experienced and a general steady hand, and well known in the market."
The Legal 500 Asia 2022

  • Shipping
  • Ship and offshore finance
  • Restructuring and insolvency

International shipping company

Acting for a middle eastern based shipping and container company in a Japanese operating lease transaction for the US$71.4 million financing of a portfolio of marine containers.

British bank

Acting for the Hong Kong branch of a British bank on the sale and leaseback for a Korean transportation services company of six vessels. The transaction involved a pre-delivery bridge facility as well as a complicated resale structure with certain payments being escrowed until delivery.

Syndicate of banks

Acting for syndicate of banks as lenders and mandated lead arrangers in a secured reducing revolving credit facility of up to US$270 million provided to a shipping company to finance or refinance 16 vessels.

More: Shipping

Advising a well-known international shipping bank on their divestment of a portfolio of shipping operating lease assets. The divestment is made up of a mixture of share and asset sales.

Acting for a key European shipping bank in respect of a large RCF strategic financing used to refinance and provide working capital to diverse shipping divisions of a European based owner/operator.

Acting for a Singapore bank in connection with a hunting licence facility for a listed Vietnamese shipping entity.

Advising an international shipping bank exiting the shipping space on the sale of several vessel owning entities during the Covid lockdown period.

Advised a leading European bank on the structuring and documentation of a complex and innovative multi-tiered debt finance with quasi-government backing for the purchase and lease of container boxes to a leading liner operator.

Acting for an Asia based owner in negotiating and agreeing various JOLCO sale and leaseback transactions.

More: Ship and offshore finance

DVB Group Merchant Bank (Asia) Ltd

Acting on various finance agreements entered into by DVB Group Merchant Bank (Asia) Ltd to various vessel owning companies operating under the Pan Ocean banner following the application by Pan Ocean for rehabilitation in the Korean courts. This involved complex issues requiring careful consideration resulting in the sale/taking back of certain vessels.

International European bank

Acting for the SPV registered owners of three vessels in relation to a sale and lease back transaction granted by the lessor behind the SPV registered owners. The matter involved charterparty claims by the registered owners against the demise charterers and the retaking of the vessels from existing charters and subsequent bareboat charter of the vessels to a new third party end user.

Fund 

Acting for a fund established by a well-known international shipping bank in the restructuring of a sale and lease back transaction for certain vessels and the debt provided to leverage the transaction, including a principal and interest payment holiday, followed by a consensual termination of the leases built around a settlement agreement and the issuance of convertible preference shares.
 
More: Restructuring and insolvency
 
  • Banks and banking
  • Offshore

DVB Group Merchant Bank (Asia) Ltd

Acting on various finance agreements entered into by DVB Group Merchant Bank (Asia) Ltd to various vessel owning companies operating under the Pan Ocean banner following the application by Pan Ocean for rehabilitation in the Korean courts. This involved complex issues requiring careful consideration resulting in the sale/taking back of certain vessels.

International European bank

Acting for the SPV registered owners of three vessels in relation to a sale and lease back transaction granted by the lessor behind the SPV registered owners. The matter involved charterparty claims by the registered owners against the demise charterers and the retaking of the vessels from existing charters and subsequent bareboat charter of the vessels to a new third party end user.

Standard Chartered Bank (Hong Kong) Limited 

Acting for Standard Chartered Bank in relation to the acquisition, finance and charter (by way of operating lease) of an anchor handling tug & supply vessel for a listed Singapore company.
 
More: Banks and banking

International British bank

Acting for a British bank in the sale and leaseback of six offshore supply vessels in a sale and leaseback financing structured by the bank for a French offshore shipping company.

BW Offshore

Acting in the financing of an Indonesia flagged FPU known as 'BW Joko Tole' by various banks, including ING Bank NV, ABN AMRO Bank NV and PT Bank Sumitomo Mitsui Indonesia. 

Norddeutsche Landesbank Girozentrale, Singapore Branch

Acting for Nord LB in relation to the financing of a platform supply vessel for an offshore operator.

Offshore owner/operator

Advising in a loan of up to US$120 million to assist the owner in the financing/re-financing of certain costs incurred in the acquisition and conversion of a floating, production, storage and offloading vessel for work offshore New Zealand.

More: Offshore
  • South-East Asia
  • Japan

Advising Singapore and Singapore based lenders on shipping loans into separate vessel owning SPCs forming part of a Thai based operator.

Advising a European based oil industry player in the sale of an FPSO on contract in Vietnamese waters.

Advising a prominent Malaysian conglomerate on a bridge finance with a large syndicate of Asia based lenders of certain newbuilds constructed in China.

Acting for a Singapore bank lending to an Indonesian joint venture in respect of the financing of a large number of transhipment barges.

Acted for a Japanese lender to a consortium of Japanese entities in respect of amendments made to an LNG finance transaction with an Indian end-user.

Acted for a Japanese bank on asset back ship lending transactions to a Singapore based owning group.

Acted for the Singapore branch of a European bank with a Tokyo branch on a finance into a JOLCO structure for a container box transaction with a Singapore owner.

Awards

Leading individual for Shipping: International: Finance – Singapore and Global-wide

Leading individual for Shipping: International: Finance – Singapore and Global-wide

Leading individual for Shipping: Singapore

Leading individual for Shipping: Singapore

Hall of fame for Asset finance: Singapore

Hall of fame for Asset finance: Singapore

Latest news & insights

17 Dec 2021

From News

Stephenson Harwood (Singapore) Alliance advises on BW Epic Kosan financing

Stephenson Harwood (Singapore) Alliance has advised Nordea Bank on a US$34.27 million secured loan facility to part finance three vessels acquired by BW Epic Kosan.

More

23 Mar 2021

From News

Stephenson Harwood advises on US$155 million fleet facility as part of Epic Gas and Lauritzen Kosan combination

Law firm Stephenson Harwood (Singapore) Alliance has advised SEB, and a syndicate comprising five banks and financial institutions, on a US$155 million loan facility t..

More

23 Nov 2020

From News

Stephenson Harwood advises on US$145 million KOBC backed financing

Law firm Stephenson Harwood (Singapore) Alliance has advised ING Bank on the structuring and documentation of a US$145 million multi-tiered debt financing, backed by K..

More

04 Jun 2020

From News

Stephenson Harwood (Singapore) Alliance advises on ‘virtual’ vessel sales

Stephenson Harwood (Singapore) Alliance has advised an international bank, specialising in international transportation finance, on the sale of several vessel-owning s..

More

13 Feb 2020

From News

Stephenson Harwood (Singapore) Alliance advises on US$162 million KOBC backed financing

Stephenson Harwood (Singapore) Alliance has advised ING Bank (ING) on the structuring and documentation of a multi-tiered debt US$162 million KOBC guarantee backed fin..

More

05 Nov 2019

From News

Stephenson Harwood advises on Epic Gas fleet refinancing

Stephenson Harwood (Singapore) Alliance has advised ABN AMRO and Crédit Agricole on the major refinancing of a portfolio of 20 ships for Epic Gas, involving a US$201 m..

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.