Shipping finance in France

Norton Rose Fulbright

The highly regarded shipping practice at Norton Rose Fulbright boasts a full-service global offering, and is particularly active in cruise, ferry, industrial shipping, and offshore energy matters. The team is led by banking law expert Christine Ezcutari, who is versed in restructuring, tax, corporate, regulatory, and risk advisory issues. Banking lawyer Ayaka Millet is also a key contact, advising on export financing, infrastructure, and acquisition finance.

 

Responsables de la pratique:

Christine Ezcutari


Autres avocats clés:

Ayaka Millet


Les références

‘They have strong innovation, availability, and work capacity.’

‘They have very strong knowledge of the sector.’

Principaux clients

Credit Agricole CIB


ABN Amro Bank NV


UniCredit Bank AG


The Mauritius Commercial Bank Limited


Citibank NA


General Society


X-Press Feeders


Principaux dossiers


Stephenson Harwood

The leading shipping finance practice at Stephenson Harwood is noted for its expertise in finance law, corporate law, labor law, and tax law surrounding the maritime industry. Counting a stellar client roster of major French banks on its client roster, the team is involved in significant vessel financings, restructurings, and transactions in the French market. Alain Gautron heads the team, and advises banks and other financial institutions on export credits, while Ezio Dal Maso specialises in non-contentious work concerning financing, ownership structuring, and ship registration. Other key members of the team include Hortense Atthenont-Duret, who handles shipping and asset finance matters.

 

 

Responsables de la pratique:

Alain Gautron


Autres avocats clés:

Ezio Dal Maso; Hortense Atthenont-Duret


Les références

‘The Stephenson Harwood shipping finance team, led by Alain Gautron, is clearly one of the best in France.’

‘Alain Gautron is always very involved in transactions and makes himself very readily available. Hortense Atthenont-Duret has strong negotiating skills with very good adaptation to the challenges of the parties involved.’

‘Outstanding knowledge, commercial approach, and timely deliverance.’

 

Principaux clients

BNP Paribas


Compagnie du Ponant


Caisse d’Epargne Languedoc-Roussillon


Caisse d’Epargne Bretagne Pays de Loire


Accor


Rubis Energie


Fimar


Corsica Ferries


Crédit Industriel et Commercial


Ingépar


Caisse d’Epargne CEPAC


Caisse d’Epargne Ile de France


Socatra


JP Morgan Asset Management


Crédit Agricole Corporate and Investment Bank


Banque Populaire Grand Ouest


Acta Marine


Principaux dossiers


Watson Farley & Williams LLP

Watson Farley & Williams LLP is a key port of call for ship owners, operators, and major financial institutions on all aspects of ship finance, including leasing, tax, corporate matters, and litigation. Co-head Alexia Russell harnesses expertise in asset finance, leasing, and project finance, leading the team alongside Laurence Martinez-Bellet, a cross-border transactional expert. Martinez-Bellet also specialises in ECA and DFI-backed transactions, while Philippe Monfort advises on the cross-border aspects of financing transactions.

Responsables de la pratique:

Alexia Russell; Laurence Martinez-Bellet; Philippe Monfort


Les références

‘The team is responsive, easy to access, and very efficient. They provide good advice and take care of all aspects of the documentation. The team knows their business well in maritime finance consulting.’

‘Philippe Monfort is very present, patient, and trustworthy. Alexia Russel defends the interests of her clients very well and is very available.’

‘They have the ability to manage several complex workflows.’

Principaux clients

Atlante Gestion


BNP Paribas


CIC


Crédit Agricole Corporate and Investment Bank


Crédit Mutuel Impact


CVC DIF


RIVE Private Investment


SACE S.p.A


Société Générale


The Korea Development Bank


Principaux dossiers


  • Advising Crédit Agricole Corporate and Investment Bank and a syndicate of nine banks on pre and post-delivery loan facilities granted to Norwegian Cruise Line Holdings Ltd. for the acquisition of four new class cruise vessels currently under construction at Italian shipyard Fincantieri S.p.A.
  • Advising Crédit Industriel et Commercial, Crédit Mutuel Impact, and Atlante Gestion on an innovative structure for the financing of six new sailing cargo ships for TOWT (TransOceanic Wind Transport), a French company that is a pioneer in low-carbon shipping.
  • Advising CVC DIF on the tax matters relating to the shipping finance and project documents in connection with its sale of a 29% stake in France LNG Shipping (FLS) to Ocean Yield AS owned by KKR.

HFW

Lauded for its 'innovation, availability, and work capacity', HFW is particularly well-versed in tax lease structures. The team is led by Jean-Marc Zampa, who is noted for his strength in complex financial transactions, including international syndicated loans, acquisition finance, asset finance, export finance, and tax-advantaged financings. Zampa is well-equipped to advise both shipowners and banks, with extensive experience in big-ticket ship financings under the French tax lease structure, coupled with export credit cover for cruise vessels and container ships. The team is bolstered by the recent addition of Paolo Pinna, who joined from Norton Rose Fulbright in 2024. A banking and finance lawyer, Pinna specialises in shipping and export finance, project finance, restructuring, and acquisition finance.

Responsables de la pratique:

Jean-Marc Zampa


Autres avocats clés:

Paolo Pinna


Les références

‘High quality.’

‘They are particularly strong in maritime financing in the form of tax leasing.’

‘Jean-Marc Zampa remains very involved in the files.’

Principaux dossiers


Hogan Lovells (Paris) LLP

Hogan Lovells (Paris) LLP advises on the full range of vessel financing, undertaking high-end, structured, and complex transaction work for an impressive roster of clients. The Paris shipping finance practice is also well-equipped to advise on both the financing of individual vessels and portfolios of vessels or as part of large corporate acquisitions, corporate financings, reorganisations, and restructurings. Alexander Premont leads the team, harnessing extensive experience in asset financings, notably representing banks and large shipping groups on large fleet financings. Stephanie Saunders is a specialist in asset financing across the shipping and aviation sectors, including the private wealth market, while Tam Guerout advises on complex asset financings with multijurisdictional elements.

 

Responsables de la pratique:

Alexander Premont


Autres avocats clés:

Stephanie Saunders; Tam Guerout


 


Les références

‘Alexander Premont’s expertise is recognised in the market.’

‘The team is very reactive.’

‘Alexander Premont has a problem solving approach.’

Principaux clients

General Society


SBM Offshore


Navig8 Europe Limited


Lombard North Central PLC


National Westminster Bank PLC


Deutsche Bank AG


BNP Paribas SA


HSBC Private Bank (Switzerland) SA


Standard Chartered Bank Plc


Savings Bank Group


Credit Agricole – Corporate Investment Bank (CACIB)


KfW Development Bank


KBC Bank NV


Principaux dossiers


  • Advising Société Générale, Crédit Industriel et Commercial, and KBC Bank NV in connection with the financing of the project costs in relation to one new-build heavy vessel lifting “Green Jade” for the DEME Group.
  • Advising Société Générale and KfW on a large financing of six 16,000 TEU containerships to Mediterranean Shipping Company SA – one of the world’s largest shipping lines.

Willkie Farr & Gallagher LLP

Willkie Farr & Gallagher LLP is a strong choice for French financial investors and London-based alternative asset managers on construction financing for new-build vessels, as well as shipping letters of intent, shipbuilding contracts, and refund guarantees. Brice Pommiès leads the team, offering significant experience in advising shipowners, shipyards, and financial investors on the full range of shipping finance issues, including bank debt, sales and leasebacks, high-yield financings, restructurings, and corporate matters.

Responsables de la pratique:

Brice Pommiès


Les références

‘Brice Pommies is a very good colleague. He is pleasant to work with. He defends his clients’ positions whilst being constructive.’

‘A dedicated and competent team.’

‘Brice Pommies is an exceptional lawyer, whose relevant expertise is highly sought after in the field of ship financing.’

Principaux clients

CMA CGM


Atlantic Shipyards


Cheyne Capital


French Cruise Company


Epic Management


ADEME Investment


Principaux dossiers


  • Advised CMA CGM on tax lease arrangements in relation to new vessels under construction.
  • Advised Chantiers de l’Atlantique on construction financings backed by Bpifrance Assurance Export related to new cruise vessels being built and the related delivery arrangements.
  • Advised Cheyne Capital on its debt and equity investment in Compagnie Française de Croisières.

A&O Shearman

A&O Shearman advises financiers, owners, charterers, sponsors, ECAs, as well as oil and gas companies on a range of shipping and offshore finance matters. Adrian Mellor frequently advises on major international transactions within the shipping finance sector, with particular emphasis in Europe, the Middle East, and Africa. Florent Belin is also a key contact, offering significant experience in asset finance within the maritime sector.

Responsables de la pratique:

Adrian Mellor; Florent Belin


Les références

‘An impressive team. They are dedicated, diverse, extremely well organised, and friendly despite the adversity of certain cases.’

‘Florent Belin is an exceptional professional, with a keen analytical eye recognised in the maritime finance sector, coupled with diplomatic and strong negotiating power.’

‘The team is very available when you need information.’

Principaux clients

Industrial and Commercial Credit


Credit Agricole Corporate and Investment Bank


K-Sure


Kexim


LVMH


Principaux dossiers


  • Advised LVMH on the structuring, financing, and legal aspects linked to two sailing ships owned by The Orient Express.

Reed Smith

Headed by Richard Hakes, Reed Smith advises on the full spectrum of shipping transactional matters, including tax lease transactions, private equity investments, debt financing, and commercial transactional work. The international firm is also a key port of call for banks and non-bank lenders, export credit agencies, private equity houses, and shipping companies. Romain Farnoux advises investment funds, banks, shipowners, and charterers on debt financing, private equity investment, sales and leasebacks, and joint ventures.

Responsables de la pratique:

Richard Hakes


Autres avocats clés:

Romain Farnoux


Les références

‘A strong team, with very good knowledge and experience in shipping matters.’

Principaux dossiers


Stream – Avocats et Solicitors

The shipping finance team at Stream – Avocats et Solicitors offers a broad range of financing and transactional services to a range of international clients, including borrowers, financiers and owners. The practice is notable for its involvement in decarbonization projects, as well as its specialised expertise within the wind-propelled vessels sector. Co-lead Aymeric De Tapol is predominantly focused on structured financing in the maritime sector, advising shipowners and banks on the frame of structured tax financings as well as project financing. Co-lead Olivier Challine is also recommended for domestic and cross-border structured and tax-linked financings.

 

 

Responsables de la pratique:

Aymeric de Tapol


Autres avocats clés:

Olivier Challine


Les références

‘They have strong maritime knowledge.’

‘Aymeric de Tapol is noted for his commitment, adaptability, as well as financing, and maritime experience.’

‘Olivier Challine is available and adaptable.’ 

Principaux clients

Louis Dreyfus Shipowners


Sogestran


Corsica Linea


EDF


TOWT


Neoline


Oceos


VELA


Zephyr & Boreas


Principaux dossiers


  • Advising TOWT on the construction and financing of six new generation wind-propelled vessels.
  • Advising Corsica Linea on the acquisition and financing of a dual-fuel ferry type “E-flexer” from Stena roro.
  • Advising Louis Dreyfus Armateurs on structured financing surrounding 3 wind-assisted RoRo vessels to be chartered out to Airbus for the transportation need of Airbus between Europe and the US.