Norton Rose Fulbright advises on the financing of three container ship giants; largest in world

Legal, Sales and Purchases, Ship Finance, Shipbuilding and Shipyards — By on September 15, 2015 at 6:24 AM

norton-rose-fulbright-logo oneGlobal legal practice Norton Rose Fulbright has advised Minsheng Financial Leasing Co., Ltd on the financing and leasing of three 19, 224 TEU container vessels. These “mega box carriers” are the largest container ships in the world.

The size of one 19, 224 TEU carrier is equivalent to 4 combined football fields.

Delivery of the first vessel took place on 19 August 2015 in Okpo, Korea, with all parties present.

Jonathan Silver, partner, Norton Rose Fulbright commented:

“This was one of the most challenging but rewarding deals we’ve done. The transaction involved a very complex asset and lease finance structure. Multiple parties worked together to ensure that the vessel was delivered smoothly and on schedule against a very tight deadline.”

The Norton Rose Fulbright team was led by Hong Kong partner Jonathan Silver assisted by senior associate Rachel Wong and paralegals Edwin Lo and Maggie Wang.

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