Services

Maritime industry coverage teams of European and Asian commercial banks have traditionally provided the largest pool of competitively priced debt to the global shipping industry via syndicated, club and bilateral secured debt facilities. Ellsworth Maritime works with borrowers who increasingly source this type of debt on a global basis.

Newbuild vessels and related OFE (owners furnished equipment) are often financed by government-owned export credit agencies (ECA’s) who can provide competitive long term financing via credit insurance or direct lending. ECA finance will usually incorporate ECA supported syndicated loans led by commercial banks and these loans may involve multiple ECAs as well as commercial bank participants. Ellsworth Maritime has extensive ECA transaction experience working with the major ECA’s from Korea, China, Japan and Europe, as well as national ‘policy banks’ that support ECA finance.

Ship leasing is an alternative to bank debt provided in various forms by European and Asian lessors. Ellsworth Maritime has longstanding relationships and experience working with all the significant Chinese lessors who provide sale-leasebacks, as well as with the major Japanese equity providers who support Japanese operating lease structures (‘JOLCO’s).