In aviation and other sectors, equipment leasing has long been a recognised tool for companies looking to finance expensive items of equipment. Whilst to date equipment leasing has been less visible in the shipping industry, we are now seeing an increased interest in this type of financing from both shipowners and equipment lessors. However, leasing arrangements do include some inherent risks which the parties should seek to mitigate.

The downturn in the offshore markets has clearly been deeper and longer lasting than had originally been expected following the collapse of the oil price back in 2014. This article takes a brief look at the current situation and at some of the contracting solutions that we are seeing in these markets.

Financing

Shipping

Partner

Geir Ove is assisting international, Nordic and Norwegian shipowners and banks with transactions within financing, sale and purchase of entities and assets. He has been leading several international contractual negotiations, and has assisted in large projects related to shipping/financing.

Bergen

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Geir Ove is assisting international, Nordic and Norwegian shipowners and banks with transactions within financing, sale and purchase of entities and assets.