{"id":47484,"date":"2025-02-28T10:48:09","date_gmt":"2025-02-28T10:48:09","guid":{"rendered":"https:\/\/my.legal500.com\/developments\/?post_type=press_releases&#038;p=47484"},"modified":"2025-02-28T10:48:46","modified_gmt":"2025-02-28T10:48:46","slug":"stephenson-harwood-advises-lenders-on-us300-million-financing-facility-for-offshore-support-vessel-fleet","status":"publish","type":"press_releases","link":"https:\/\/my.legal500.com\/developments\/press-releases\/stephenson-harwood-advises-lenders-on-us300-million-financing-facility-for-offshore-support-vessel-fleet\/","title":{"rendered":"STEPHENSON HARWOOD ADVISES LENDERS ON US$300 MILLION FINANCING FACILITY FOR OFFSHORE SUPPORT VESSEL FLEET"},"content":{"rendered":"<p><strong>International law firm Stephenson Harwood has advised the National Bank of Fujairah PJSC and The Arab Energy Fund on a US$300 million financing facility provided to Stanford Marine and Allianz Middle East Ship Management (managed by the UAE-based asset manager SHUAA Capital psc (&#8220;SHUAA&#8221;),<\/strong><!--more--><span style=\"font-size: 1rem\">a leading asset management and investment banking platform in the Middle East region).<\/span><\/p>\n<p>As a single loan facility, it will be used to drive the growth of Stanford Marine and Allianz Middle East Ship Management \u2013 the world&#8217;s fourth largest OSV fleet \u2013 that together control 120 vessels across 13 different jurisdictions throughout the Middle East, Africa, Asia, Latin America and the West Indies.<\/p>\n<p>This transaction represents one of the largest Secured Overnight Funding Rate based facilities for the OSV sector in the region.<\/p>\n<p>The matter follows on from Stephenson Harwood also advising the lenders on preceding facilities to Stanford Marine and Allianz Middle East Ship Management.<\/p>\n<p>Standford Marine and Allianz Marine Middle East Ship Management are maritime logistics providers that operate the largest fleet of owned and chartered OSVs in the Middle East. The fleet comprises a combination of platform supply vessels, anchor handling tug supply vessels, crew boats, accommodation barges and flat barges, among others.<\/p>\n<p>The Stephenson Harwood team was led by Dubai-based banking and finance partner, Rustum Shah, and maritime finance managing associate Chinar Zaidi. They were supported by maritime finance associate Shwini Dsouza and banking and finance associate Punte-\u00e2 Hosseini.<\/p>\n<p>Further support in relation to Singapore and Liberia aspects of the matter was provided by members of the firm\u2019s Singapore team, including partner Gregory Xu, and Virtus Law* partner Jason Yang, and senior paralegal Sylvia Lisa.<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-47484","press_releases","type-press_releases","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases\/47484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases"}],"about":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/types\/press_releases"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/media?parent=47484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}