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Asset Finance Team News

20 Nov 2018

WFW Advises HSBC $123m Three Vessel Sinosure-backed Financing

Watson Farley & Williams advised HSBC Bank, HSBC Bank Middle East Limited HSBC Corporate Trustee Company  and a syndicate of banks including Mashreqbank, HSBC Bank Middle East Limited and Bank of Communications Ltd in connection with three Sinosure-backed loan facilities totalling approximately US$123m to UAE-based Zakher Marine International Inc (ZMI), to finance the construction and acquisition of three new high-spec jack-up barges.The delivery of the final two barges in September 2018 completed a structured financing and delivery process which saw Mashreqbank joining the project in 2017. Abu Dhabi-based ZMI was established in 1984 and now operates a fleet of 45 support…

04 Apr 2018

BTMU to Refinance Two K-Line Vessels

Watson Farley & Williams (WFW) has advised The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), Japan’s largest bank, as facility agent for a syndicate of international lenders comprising itself, Development Bank of Japan Inc. and Societe Generale on the $180m refinancing of two K-Line LNG vessels, Arctic Voyager and Arctic Discoverer which are time chartered to Statoil ASA, the world’s largest offshore operator.   The WFW Hong Kong Asset Finance team advising on the transaction was led by Partner and Office Head Madeline Leong, supported by Senior Associate Ryan Tan, Registered Foreign Lawyer Rueben Tan and Legal Assistant Sandrea Mar. London Finance Partner Rob McBride provided advice on the hedging elements of the financing.

03 Jun 2003

Fordham Joins Wikborg Rein

office. Watson, Farley & Williams asset finance team. Wikborg Rein will become the first Norwegian law firm to offer English law expertise at this level. years and holds the leading position in the Norwegian-Asian shipping market. range of service to our clients in international transactions. "Stephen Fordham and Chee Chuen Yee are both highly regarded lawyers. truly international firm. Evensen, Managing Partner in Wikborg Rein.