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 professional and experienced. We can always trust the team to be on top of our transactions and make us aware of potential issues and risks."

Chambers UK 2019

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.


Alain Gautron Partner

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


Gregg Johnston Partner

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


Ian Mace Partner

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

Latest news & insights

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, ..


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.


02 Jul 2020

From News

Stephenson Harwood advises EnTrust on $27.5 million loan facility

Law firm Stephenson Harwood LLP has advised EnTrust Global’s Blue Ocean Funds (Entrust) on a $27,500,000 loan facility to PT Buana Lintas Lautan TBK (BULL).


18 May 2020

From News

Stephenson Harwood advises Mount Street LLP on sale and leaseback transaction

Law firm Stephenson Harwood LLP has advised Mount Street Group Limited in connection with the sale and leaseback of a Handysize product tanker.


07 May 2020

From Insights

Return of the seller's credit

This article outlines the basic elements of seller's credit, and reviews this method of financing from the owner's perspective.


21 Apr 2020

From News

Stephenson Harwood acts on five award-winning deals

Law firm Stephenson Harwood LLP has advised on five separate deals which have been recognised at the Marine Money Deal of the Year Awards 2019.


06 Feb 2020

From Insights

Brexit snapshot - Brexit and finance transactions

In this article, we set out an overview of the status of Brexit in relation to issues in finance transactions. We look at the position where there is a deal between th..


23 Sep 2019

From Insights

Shipping and offshore: quiet enjoyment, step-in and direct agreements

This briefing note explores the key features of quiet enjoyment and step-in in the context of offshore project financings.


27 Jun 2019

From News

Stephenson Harwood advises GATX on five gas carriers’ entry into the Anthony Veder gas pool

Law firm Stephenson Harwood LLP has advised long-standing client GATX Corporation on the new management of its five gas carrier vessels by Anthony Veder, and their ent..


27 Mar 2019

From News

Stephenson Harwood advises ABN AMRO Bank N.V. on loan facility to Star Bulk Carriers Corp. for the financing of scrubbers

Law firm Stephenson Harwood LLP has advised ABN AMRO Bank N.V. (ABN) – in its capacity as arranger and sole lender – on a buyer credit facility in relation to a loan t..


11 Dec 2018

From News

Stephenson Harwood (Singapore) Alliance advises on US$72 million ECA backed scrubber financing

Stephenson Harwood (Singapore) Alliance has advised KfW-IPEX Bank on a US$72 million loan agreement to Quantum Pacific Shipping (QPS)


20 Nov 2018

From News

Stephenson Harwood advises NIBC Bank N.V. on US$55 million loan facility

Law firm Stephenson Harwood LLP has advised NIBC Bank N.V. (NIBC), in its capacity as agent and co-lender, on a US$55 million loan facility for MW Shipping B.V.


01 Nov 2018

From News

Shipping and offshore finance expert Martin Brown joins Stephenson Harwood (Singapore) Alliance

Law firm Stephenson Harwood (Singapore) Alliance has strengthened its shipping and offshore finance practice with the appointment of Martin Brown as partner.


14 Sep 2018

From News

Stephenson Harwood advises ABN AMRO Bank on US$60 million financing for Scorpio Bulkers Inc.

Law firm Stephenson Harwood LLP has advised ABN AMRO Bank, in its capacity as agent for itself and Norddeutsche Landesbank Girozentrale , on a US$60 million secured lo..


25 Jul 2018

From News

Stephenson Harwood team publishes fourth edition of leading shipping finance text

Shipping finance experts from law firm Stephenson Harwood have published the fourth edition of the leading industry text, Shipping Finance: A Practical Handbook.


27 Apr 2018

From News

Stephenson Harwood wins Ship Finance award

Law firm Stephenson Harwood LLP won the 'Ship Finance Award' at the Seatrade Maritime Awards Asia 2018. The award was given in recognition of the team's strong experti..


© 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.