Contact details

Jonathan Ward

T: +44 20 7809 2081 M: +44 7768 693 184 Email Jonathan | vCard Office: London

Awards

 Transport finance and leasing

Transport finance and leasing

Winner - The i-law Maritime Law Award

Winner - The i-law Maritime Law Award

Jonathan Ward Partner

Contact details

Jonathan Ward

Jonathan Ward
Partner

T: +44 20 7809 2081 M: +44 7768 693 184 Email Jonathan | vCard Office: London

Jonathan is a ship finance expert with a focus on complex, cross-border transactions and restructurings in shipping. Clients value his commercial and pragmatic approach coupled with his broad experience. Jonathan heads our Chinese ship finance practice.
  • Profile
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He has extensive experience of ship finance and commercial shipping matters including complex loan financings, operating and finance leasing, sale and purchase, sale and leaseback, shipbuilding and construction contracts and corporate acquisitions. Jonathan advises on "big ticket" asset finance transactions worldwide. He represents a broad range of financial institutions (including export credit agencies), major international ship owners and shipyards. He has particular experience in Europe and the Far East. Jonathan has considerable restructuring experience and has advised lenders on the Omega Navigation Chapter 11 bankruptcy case, and major restructurings for Torm, Genco, Maritime Equity Partners and Bourbon Offshore.

He has been recommended in The Legal 500 for his work within shipping.

  • Ship and offshore finance

Advised J.P. Morgan Asset Management on the acquisition of 40 LNG-fuelled inland waterway innovative eco-type inland barges against charters with energy major Shell.

Advised The Export-Import Bank of China in relation to a court sanctioned recovery plan and conciliation protocol enabling restructuring of a loan in default to a convertible bond and equity issued by a company formed by the lenders to buy 100% of Bourbon Maritime.

Advised a private equity firm on a sale and leaseback agreement with Euronav in connection with four VLCCs. The deal included a US$102 million facility from DekaBank and US$2 million in hedging agreements.

Advised Euronav NV in relation to its acquisition of two Suezmax tankers through joint ventures with Ridgebury Tankers and Tufton Oceanic for a combined consideration of US$40.6 million.

Acted for Morgan Stanley on the acquisition by way of amalgamation of all of the issued and outstanding shares of Höegh LNG Holdings Ltd. by Leif Höegh & Co. Ltd. and funds managed by Morgan Stanley Infrastructure Partners.

Advising an Asian bank on a green loan to major liner company which will allow the borrower to purchase vessels eligible under a green finance framework which is aligned with the Green Loan Principles.

Acting for a syndicate of banks on a US$1.2 billion multi-tranche syndicated K-Sure backed loan facility for the partial financing of 7 x 15,400 TEU container ships and 5 x 18,800 TEU container ships, to be made available to wholly-owned subsidiaries of United Arab Shipping Company.

Acting for CEXIM on a US$1 billion post-delivery loan to ICBC Leasing for acquisition of 51 vessels to be bareboat chartered to Bourbon Offshore Group.

Acting on three ECA secured and unsecured loan facilities to AP Moller-Maersk in respect of pre and post-delivery finance for a number of container and product tanker vessels under construction in China.

Advised major creditors on the consensual restructuring of Torm A/S including putting in place a Master Override Agreement as part of the restructuring solution. This restructuring was one of 2012's leading shipping restructuring cases.

Acted as lead advisor to HSH Nordbank in the US$240 million case in relation to claims against Omega for their default under a syndicated loan. This Chapter 11 litigation was one of 2011's leading shipping cases.

More: Ship and offshore finance

Awards

 Transport finance and leasing

Transport finance and leasing

Winner - The i-law Maritime Law Award

Winner - The i-law Maritime Law Award

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© 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.