Maritime Asset Refinancing

FG Capital Advisors structures refinancing mandates for shipowners and maritime operators seeking to replace existing debt, release equity, consolidate facilities or fund additional capital expenditure.

We prepare each transaction around the asset’s current market value, charter profile, earnings history, technical condition and ability to support the proposed debt service.

When Maritime Refinancing Makes Sense

Debt Maturity

Replace an approaching maturity, balloon payment or short-term facility before it places pressure on operating liquidity.

Equity Release

Extract a portion of the equity held in an unencumbered or conservatively leveraged maritime asset.

Improved Debt Terms

Seek a more appropriate tenor, amortization profile, covenant package or repayment schedule.

Drydock and Capex

Combine refinancing with scheduled drydock, class renewal, emissions upgrades, repairs or essential capital expenditure.

Debt Consolidation

Replace multiple obligations with a coordinated facility and a more manageable security structure.

Business Expansion

Use an existing asset base and contracted earnings to support acquisitions or broader operating requirements.

Refinancing Structures We Assess

Senior Secured Term Loan

Mortgage-backed financing with scheduled amortization and security over the financed maritime asset and its earnings.

Sale and Leaseback

Transfer of ownership to a financing counterparty with continued operational use under an agreed lease structure.

Maritime Private Credit

Alternative secured debt for transactions requiring greater structural flexibility than conventional bank financing.

Charter-Backed Finance

Financing structured around contracted earnings from acceptable charterers and enforceable charter arrangements.

Multi-Asset Facilities

Cross-collateralized or borrowing-base structures covering several assets, earnings streams and operating entities.

Bridge Refinancing

Shorter-term capital used to address a maturity, complete a transaction or bridge into long-term financing.

Maritime Assets We Consider

Offshore Support Vessels

Platform supply vessels, anchor handlers, crew vessels and other assets supporting offshore energy operations.

Tankers

Product tankers, chemical tankers and crude carriers with documented ownership, operation and earnings histories.

Bulk Carriers

Dry-bulk assets operating under time charters, voyage charters or contracts of affreightment.

Container and Multipurpose Ships

Commercial shipping assets supported by contracted employment or an established operating history.

Ferries and Passenger Ships

Passenger assets supported by operating concessions, established routes, contracts or verifiable ticket revenues.

Tugs and Specialized Workboats

Harbor, towage, dredging, marine construction and other specialized commercial assets.

What Capital Providers Review

Review Area	Typical Information Required	Transaction Relevance
Asset value	Independent valuation, forced-sale value and relevant comparable transactions.	Supports leverage, collateral coverage and downside analysis.
Technical condition	Class status, age, surveys, maintenance history, drydock schedule and required capex.	Identifies operational risk and near-term expenditure.
Charter profile	Charter agreements, charterer credit quality, remaining term and termination rights.	Determines the visibility and reliability of future earnings.
Financial performance	Historical earnings, operating expenses, utilization, debt service and projections.	Demonstrates repayment capacity under base and downside cases.
Existing debt	Facility agreements, outstanding balances, mortgages, liens and payoff statements.	Establishes the refinancing amount and required release mechanics.
Ownership and compliance	Corporate structure, flag, registry, beneficial ownership, insurance and sanctions information.	Determines whether the asset and transaction are acceptable.

Potential Security Package

First-Priority Mortgage

A registered mortgage over the financed asset in the relevant flag jurisdiction.

Assignment of Earnings

Assignment of charter hire, freight revenues and related receivables into agreed collection arrangements.

Insurance Assignment

Assignment of acceptable hull, machinery, protection and indemnity insurance proceeds.

Share and Account Security

Security over the asset-owning company, earnings accounts, reserves and other agreed transaction assets.

Transaction point: Strong collateral value is important, but it is not sufficient on its own. Financeability also depends on asset liquidity, operating cash flow, charter quality, technical condition and jurisdiction.

How FG Capital Advisors Supports the Mandate

Initial Assessment

Review the asset, existing debt, requested proceeds, leverage, repayment capacity and refinancing timetable.

Financial Structuring

Develop the proposed facility amount, amortization profile, security package and use-of-proceeds schedule.

Financial Modelling

Build operating, debt-service, charter-expiry, capex and downside scenarios for capital-provider review.

Transaction Preparation

Organize the valuation, charter documents, technical records, ownership structure and supporting data room.

Capital Coordination

Coordinate the mandate with relevant banks, maritime lenders, lessors and private-credit providers.

Closing Support

Support information flow among the client, capital provider, valuation firm, insurance parties and legal counsel.

Information Required for an Initial Assessment

Asset Information

Vessel specifications, flag, class, ownership, operating history, technical reports and current valuation.

Existing Financing

Outstanding balance, maturity, amortization, pricing, security, covenants and payoff requirements.

Commercial Employment

Current charters, customer profile, utilization history, contract term and revenue concentration.

Financial Information

Historical financial statements, operating expenses, cash-flow projections and requested use of proceeds.

Frequently Asked Questions

Can an unencumbered maritime asset be refinanced?

Potentially. Available proceeds depend on valuation, asset type, age, condition, operating cash flow, charter coverage and the capital provider’s leverage policy.

Can refinancing include drydock and repair costs?

Yes, where the proposed expenditure is acceptable and projected cash flow supports both the refinancing and additional capital requirement.

Can older ships qualify for refinancing?

Age is one factor. Class status, maintenance history, remaining economic life, commercial demand, valuation and operating performance are also considered.

Can several maritime assets be refinanced together?

Potentially. A multi-asset facility may use cross-collateralization, individual borrowing limits, concentration controls and agreed release provisions.

Submit Your Maritime Refinancing Requirement

Provide the asset specifications, valuation, charter profile, existing debt, historical financials, requested proceeds and proposed use of funds.

Open Client Intake

FG Capital Advisors provides financial modelling, transaction preparation and capital advisory services. The firm is not a bank, lender, vessel lessor, insurer or maritime valuation firm. Financing remains subject to independent underwriting, asset valuation, technical review, legal due diligence, KYC and AML review, sanctions screening, credit approval and definitive documentation. No approval, pricing, timing or closing outcome is guaranteed.