Shipping: International: Finance
Global Guide 2024 : Singapore
Band 1
Contact number
+65 6223 7311Chambers Review
Norton Rose Fulbright has a highly reputed shipping finance team in Singapore, which regularly advises major banks, such as ING Bank and Standard Chartered Bank, as well as lessors and ship owners, on high-value, cross-border transactions. The team is active on project finance within the offshore space and has capabilities in the financing of LNG vessels. The team also advises onrestructuring, mortgage enforcement and regulatory issues. Key clients include HSBC, Natixis and Yinson Holdings.
Work Highlights
- Norton Rose Fulbright advised a syndicate of seven lenders in relation to a USD527 million sustainability-linked facility to subsidiaries of MISC Berhad for the financing of six Very Large Ethane Carriers under construction in South Korea.
Strengths
Provided by Chambers
"They understand the needs of financiers and borrowers and are adept at finding commercial solutions so impasses can be cleared."
"They were very responsive and pleasant to deal with."
"They understand the needs of financiers and borrowers and are adept at finding commercial solutions so impasses can be cleared."
"They were very responsive and pleasant to deal with."
Notable Practitioners
Ben Rose has long-standing experience in high-value ship financing matters, acting for a range of international banks. He has strong expertise in the offshore energy space. His expertise extends to matters involving Malaysian entities.
"He has very strong knowledge and an ample track record, as well as decades of experience. He is very eloquent and very strong. It is always a pleasure to work with him and to see him in action when fronting for clients in negotiations."
"He is solution-oriented and very customer-friendly."
Sue Ann Gan is well recognisedin Singapore's ship finance legal market. She is well versed in acting for lenders on refinancing matters as well as mortgage enforcement, including ship arrests.
"Sue Ann is a pleasure to work with and very down to earth. She is very effective working in a team environment and delivers advice in a way which suits the client."
"She has strong knowledge of the ship financing sector, market norms, the various players and how to address risks and issues."