Norton Rose Fulbright's maritime deals recognised by Marine Money awards

Global Press release - Recognition April 2019

Global law firm Norton Rose Fulbright has advised on six winning deals recognised by the Marine Money 2018 Deals of the Year awards.

Marine Money is a leading industry publication for shipping and offshore finance. These awards acknowledge creativity, hard work and collaboration among lenders, borrowers and investors in the global ship finance industry.

Harry Theochari, Norton Rose Fulbright’s Global Head of Transport, comments:

“Our award-winning shipping team continues to work on the most complex and innovative transactions around the world. We are, once again, honoured to be recognised as a leading legal adviser to the shipping and maritime industries, which our firm has served for over two centuries.”

The award-winning transactions are:

M&A Deal of the Year
Merger between Global Ship Lease and Poseidon Containers
Led by Giles Brand – involving London, New York and Hong Kong

Recapitalisation Deal of the Year
Danaos Corporation - $1.7 billion recapitalisation
Danaos Corporation - $326 million “Cash-out” senior secured term loan
Led by Yianni Cheilas – involving Athens, London, New York and Dallas

Export Credit Agency – East
KSmart – $251.3 million 95% K-sure insured term loan facility
Led by Ben Rose – involving Singapore and Hong Kong

Export Credit Agency – West
Teekay Shuttle Tankers - $265.8 million senior facility
Teekay Shuttle Tankers - $30 million junior facility
Led by Eleanor Martin (senior facility), Ben Rose (junior facility) – involving London, Singapore, Hong Kong, Montreal and Vancouver

Leasing Deal of the Year – West
Exmar NV - $59.4 million JOLCO lease financing of five LPG carriers
Led by Simon Hartley – involving London

Leasing Deal of the Year – East
Minsheng Financial Leasing - $40.3 million JOLCO lease financing for 10,000 marine containers
Led by Jonathan Silver and Paul Coggins – involving Hong Kong and Tokyo

Ranked in Chambers Global 2019 for both shipping finance (Band 1) and shipping litigation, Norton Rose Fulbright was honoured as the i-law Maritime Firm of the Year at the Lloyd’s List North America Awards 2018. The firm also was recently named Shipping Finance Law Firm of the Year at the 2019 Global Transport Finance Awards.

For further information, please contact:

Gemma Perks, Senior PR Manager
Tel +44 20 7444 3104; Mob +44 7711 191230


Senior Consultant