NoordenJones advises Hapag-Lloyd AG on JOLCO container financing with Mizuho Bank, Ltd.
Mizuho Bank, Ltd. provided the debt financing to the lessors. Mizuho Bank, Ltd. is part of Mizuho Financial Group, Inc.
With a fleet of 302 modern container ships and a total transport capacity of 2.5 million TEU, Hapag-Lloyd is one of the world’s leading liner shipping companies. In the Liner Shipping segment, the Company has a container capacity of 3.7 million TEU – including one of the largest and most modern fleets of reefer containers. A total of 133 liner services worldwide ensure fast and reliable connections between 600 ports on all continents. In the Terminal & Infrastructure segment, Hapag-Lloyd has equity stakes in 24 marine terminals in Europe, Latin America, the United States, India and North Africa.
Mizuho Financial Group, Inc. is one of the largest full-service financial institutions in the world, with more than 150 years of banking experience. The Group has a global network encompassing financial and business centres in more than 120 countries, in addition to a nationwide network and one of the largest customer bases in Japan. Rooted in some of the largest and most influential financial institutions in Japanese history, Mizuho has supported its clients' growth for more than a century.
The NoordenJones Banking & Finance team comprised Dr. Clemens Hillmer (Partner), Jan Mommsen (Counsel) and Jann Ole Golzio (Associate).
Dr. Clemens Hillmer commented:
“We are delighted to have supported Hapag-Lloyd on this important transaction. Our extensive experience in Japanese Operating Lease with Call Option (JOLCO) transactions and container financings proved particularly valuable in bringing the transaction to a successful completion.”
About NOORDENJONES
NOORDENJONES is an internationally connected commercial law firm based in Hamburg, advising on German and English law. The firm focuses on Transport, Insurance & Reinsurance, Energy & Infrastructure, and Private Wealth. Across these sectors, NoordenJones provides the full spectrum of legal services, including Banking & Finance, Corporate & M&A, Commercial, Construction, Dispute Resolution, Regulatory, Restructuring & Insolvency, and Trade & Commodities. Working as one integrated team, NoordenJones is committed to delivering commercially focused, high-quality advice to its clients.
Key Contacts
Dr Clemens Hillmer
LL.M. (Cape Town)
Jan Mommsen
LL.M.