Watson Farley & Williams (“WFW”) has advised Hamburg Commercial Bank (“HCOB”) on a US$95m senior secured term loan facility to Hamburg Bulk Carriers (“HBC”) to refinance seven Liberian flagged vessels.

HCOB is a private German commercial bank, focusing on shipping, real estate, renewable energy and infrastructure as well as corporate business, both in Germany and internationally.

HBC is a bulk vessel operator based in Hamburg and Singapore that works closely with cargo owners, ship owners, traders and brokers.

The WFW Singapore Assets & Structured Finance team that advised HCOB was led by Partner Lizzie Roe, supported by Associate Becky Zhu and Senior Associate Charlotte Knight in Dubai.

Lizzie commented: “We’re very pleased to have supported HCOB on this important refinancing. The success of this transaction highlights WFW’s expertise in cross border financing transactions, our ability to coordinate and resolve issues across different jurisdictions and our position as a top tier legal advisor to the maritime sector”.