News from our Members and Partners

05 September 2019

WFW advises Hoegh LNG on first FSRU sale and leaseback with CCBL

Watson Farley & Williams advised Hoegh LNG on its first ever sale and leaseback deal with China Construction Bank Financial Leasing (“CCBFL”) for its tenth Floating Storage Regasification Unit (“FSRU”), the Hoegh Galleon.

Following the completion of the transaction, Hoegh LNG is now fully funded with both equity and debt for its current newbuilding programme, which will be completed with the delivery of Hoegh Galleon in August 2019.

The Hoegh Galleon has been employed on an 18-months interim LNGC time charter with Cheniere before its intended long-term charter with AIE in Australia.

Hoegh LNG, the only FSRU operator with operations in China via its contract with energy giant CNOOC, is also to set up a representative office in Shanghai as part of its expansion plans in that country.

Oslo-based Höegh LNG is a leading worldwide owner and operator of floating LNG import terminals and FSRUs, and one of the most experienced global operators of LNG Carriers. It is comprised of Höegh LNG Holdings and Höegh LNG Partners.

The WFW London team advising Hoegh LNG was led by Partner and Global Maritime Sector Head Lindsey Keeble, supported by Senior Associate Kate Silverstein and Associate Parit Patani.

Lindsey commented:

“We’re delighted to have advised long-standing client Hoegh LNG once again on an important FSRU transaction, especially one that marks the beginning of an important relationship with China. That they chose WFW to do so not only emphasises our standing as the world’s leading maritime finance legal practice, but also our expertise in the critical and fast expanding LNG and offshore sectors in particular”.


About Watson Farley & Williams

Watson Farley & Williams is an international law firm with offices in Athens, Bangkok, Dubai, Frankfurt, Hamburg, Hong Kong, London, Madrid, Milan, Munich, New York, Paris, Rome and Singapore. The firm currently has 500+ lawyers and over 900 staff. Watson Farley & Williams is a leading international law firm providing services of high quality and value to clients throughout a range of industry sectors, with particular focus on: Energy & Infrastructure, Maritime, Natural Resources, Real Estate and Transport. Lawyers from our international offices work as integrated teams to provide practical, commercially focused legal services. Our locations allow us sufficient geographical spread to be competitive in the global market and to provide consistently high quality legal services to our clients. w:

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