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Law firm Stephenson Harwood LLP has advised a leading global bank on a US$117 million loan facility. The facility is in relation to the financing of seven tanker vessels for Scorpio Tankers Inc., the NYSE-listed shipowner.
With a fleet of 113 vessels, Scorpio Tankers Inc. is the world’s largest product tanker owner. Its fully delivered fleet transports refined petroleum products, such as gasoline, diesel, jet fuel, and naphtha, to a large customer base including oil majors, national oil companies, and commodity traders.
The Stephenson Harwood team was led by partner Shaun Park, who was supported by associate Silvia Bota and paralegal Kelly Anastasiadou.