Ship and offshore finance

Regarded as one of the leading ship finance firms in Europe, the Middle East and Asia. Our award-winning ship finance team is recognised for its commerciality and its ability to solve problems using innovative financing structures.
  • Profile
  • Experience
  • Key contacts

Our reputation is based on a strong track record of transactions for clients, who include nearly all the major international banks which are active in the shipping market. Our lawyers have experience of acting for arrangers, lenders, ship owners and offshore service providers – which means that they are familiar with issues on all sides of the table. The team also acts in the private equity space.

Being specialists in the shipping sector means that we are also regularly advising our clients on refinancings and restructurings. Our role ranges from providing strategic advice on handling problem loans from the time issues first emerge, through to workouts and enforcements.

With some 100 specialist lawyers spread across all our offices, we have one of the world's leading shipping and offshore finance practices.

We can help you with:

  • ship finance - including ship sale and purchase, shipbuilding contracts, ship registration, construction and operation
  • restructuring / workouts
  • UK and European tax leasing
  • construction and financing of private yachts
  • Islamic finance
  • international trade
  • offshore and energy
  • UK tonnage tax
  • tax structuring and tax investigations.

"They are very proactive and supportive."

Chambers UK 2020

Deutsche Bank AG, $1.2 billion loan for 12 container ships

Advised on a multi-tranche syndicated K-sure backed loan facility for the partial financing of seven 14,500 and five 18,800 TEU container ships for wholly-owned subsidiaries of United Arab Shipping Company.

Deutsche Bank AG lenders in a US Chapter 11 restructuring case

We advised the lenders of a US$253 million syndicated facility for Genco Shipping & Trading Limited who filed for a US Chapter 11 Plan of Reorganization. Our team led the successful Chapter 11 exit without any loss of capital for the client.

Tax project transfer of 250 secured loan facilities

We advised on the transfer of 250 secured loan facilities secured against shipping, offshore and energy related assets with combined total commitments of US$16 billion.

DVB Bank America N.V. senior multi-tranche facility

We advised the bank on a US$1.32 billion senior multi-tranche facility made available to a Norwegian drilling company with ECA support to finance the construction of two semi-submersible rigs.

DNB Bank ASA revolving credit facility for a special investment vehicle

We acted for the agent of a syndicate of banks for a US$300 million revolving credit facility to a newly incorporated special investment vehicle created to capitalise on the tanker market surge by acquiring and operating tanker vessels.

Export credit agency backed tranches and commercial bank tranche with pooled security

We represented lenders of three facilities financing the Bonny Gas Transport purchase of six liquefied natural gas vessels. The complex financing arrangements involved two separate export credit agency backed tranches and a commercial bank tranche with pooled security.

DNB Bank ASA and Mizuho Corporate Bank

We acted for both banks for the US$608 million restructuring of the 2011 joint venture vehicle established by Teekay Corporation and Marubeni Corporation for the acquisition of AP Moeller-Maersk's LNG shipping business.

HSH Nordbank leading shipping Chapter 11 restructuring case

We acted for HSH Nordbank and syndicate lenders on this leading Chapter 11 shipping case concerning claims against Omega Navigation Enterprises for their default under a syndicated loan facility secured against eight product tanker vessels owned by Omega subsidiaries.

Export-import Asian bank sale and leaseback deal

We acted on a $1 billion post-delivery loan to a subsidiary of a financial leasing company for the acquisition of 51 vessels to be bareboat chartered to the Bourbon Offshore Group of France.

Joint venture international private equity planning

We advised a tax-efficient joint venture between a ship owner and operator and a leading global investment firm, formed to invest in the shipping sector through the acquisition of vessels that are the subject of distressed loan facilities.

Lawyer

Alain Gautron Partner

T:  +33 1 44 15 80 72
M:  Email Alain | Vcard Office:  Paris

Lawyer

Gregg Johnston Partner

T:  +65 6226 1600
M:  Email Gregg | Vcard Office:  Singapore

Lawyer

Ian Mace Global head of ship finance

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

Latest news & insights

04 Aug 2021

From News

Stephenson Harwood advises MPC Container Ships on US$70 million deal

Law firm Stephenson Harwood LLP has advised MPC Container Ships (MPCC) on its US$70 million revolving credit facility deal with CIT Group.

More

09 Jul 2021

From News

Stephenson Harwood advises NIBC Bank N.V. on secured loan facility with innovative SOFR DAY-1 mechanism to joint venture managed by Van Weelde

Law firm Stephenson Harwood LLP has advised NIBC Bank N.V. in relation to a secured loan facility. The loan, which incorporated the Secured Overnight Financing Rate (S..

More

24 Jun 2021

From Insights

UK Freeports in 2021: What are the benefits, opportunities and risks?

In March 2021, the UK Government announced eight successful freeport bidders, namely Felixstowe, Teesside, East Midlands Airport, Humber, Liverpool, Plymouth, Solent a..

More

17 Jun 2021

From News

Stephenson Harwood (Singapore) Alliance acts on two award-winning deals

Stephenson Harwood (Singapore) Alliance has advised on two separate deals which have been recognised at the Marine Money Deal of the Year Awards 2020.

More

04 May 2021

From News

Stephenson Harwood advises longstanding client on Tankoa motor yacht acquisition

Law firm Stephenson Harwood LLP has advised a longstanding private client on its acquisition of a 58 metre Tankoa motor yacht.

More

20 Apr 2021

From News

Stephenson Harwood advises banks on restructuring and facility exit involving four vessels

Law firm Stephenson Harwood (Singapore) Alliance has advised a syndicate comprising three banks on a restructuring, and eventual prepayment, of a loan facility in resp..

More

15 Feb 2021

From News

Stephenson Harwood advises Fleetscape on innovative securitisation facility

Law firm Stephenson Harwood LLP has advised Fleetscape Capital Limited (Fleetscape) on an innovative financing structure with Macquarie Bank Limited (Macquarie).

More

05 Feb 2021

From Insights

Demystifying the complex world of DAC6

Our latest briefing takes a look at the implications of the DAC6 Regulations for the ship finance community

More

13 Jan 2021

From News

Stephenson Harwood advises EnTrust on loan facility to United Overseas Group (UOG)

International law firm Stephenson Harwood LLP has advised EnTrust Global’s Blue Ocean Funds on a loan facility to United Overseas Group

More

18 Nov 2020

From News

Stephenson Harwood advises major European bank on secured loan facility to Seastar

Law firm Stephenson Harwood LLP has advised a major European bank in relation to a secured loan facility made available to the UK based drybulk owner Seastar.

More

12 Nov 2020

From Insights

Current US dollar LIBOR transition options for ship finance lenders, agents and borrowers

Despite the pandemic, efforts to achieve a smooth transition of the loan market away from LIBOR and onto alternative "risk-free" benchmark rates have not abated.

More

10 Nov 2020

From News

Stephenson Harwood advises NAB on a US$178 million limited recourse financing

Stephenson Harwood (Singapore) Alliance has advised National Australia Bank Limited (NAB) on the structuring and documentation of a US$178 million limited recourse fin..

More

21 Oct 2020

From Insights

PRC Leasing- The Charterer's Perspective

PRC leasing has become mainstream following the departure of a number of key lenders from the shipping finance space.

More

15 Oct 2020

From Insights

Ship finance green finance bulletin

This publication explores the approaches being taken by the ship finance industry in making this transition and sets out views on future steps needed in order to promo..

More

03 Sep 2020

From News

Stephenson Harwood advises financial leasing company on US$88 million refinancing

Law firm Stephenson Harwood LLP has advised a leading financial leasing company, based in Shanghai, on the US$88 million refinancing of four interline-coated tankers, ..

More

06 Aug 2020

From Insights

Green shoots: the rise of the green finance revolution

Despite stiff competition from Brexit and Covid-19, climate change remains a topic never far away from the news headlines.

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.