Stephenson Harwood advises MPC Container Ships on $30 million loan facility

Law firm Stephenson Harwood has advised long-standing client MPC Container Ships (MPCC), an international container ships company, on a US$30 million loan facility from First-Citizens Bank & Trust Company.

The loan re-finances MPCC's acquisition of two container ships, 'AS Nara' and 'AS Nuria', as part of the group's fleet renewal strategy. The ships will be employed under long-term charters to Maersk.

The team was led by partner Dora Mace-Kokota and managing associate Roderick McGeachy, with support from managing associate Yui Ota-Barclay and associate Farah Butt.