Foreguard Shipping is a young, dynamic and entrepreneurial company with a passion for the maritime industry.
Founded in 2016, Foreguard Shipping owns and operates a diversified fleet of 5 high-quality, oceangoing vessels and a small portfolio of other investments in the maritime industry.
Foreguard Shipping is financed by a variety of capital providers, focusing on operating and finance leases as well as traditional ship finance. Optimising the capital structure is a key focus of the business and a differentiator in current challenging markets.
The Foreguard Shipping team comprises experienced shipping professionals with expertise across shipping, finance, legal and restructuring disciplines.
We partner with world class ship managers, operators and commercial managers to provide safe, efficient and optimised performance.
Foreguard Shipping refinances its chemical tanker fleet
January - October, 2022
Foreguard Shipping has effectively refinanced its chemical tanker fleet of 4 vessels through innovative sale and charterback deals. These deals were structured with the support of Korean shipowners backed by Korean financial institutions.
With the fleet previously funded by a combination of senior secured loan and JOLCOs, this deal will insulate the business from the rising cost of financing, future capex exposure and opex inflation.
Alan Hatton, Managing Director commented that:
“Foreguard Shipping was a platform build to provide its stakeholders with operational leverage and the ability to benefit from what we see to be as improving markets. This series of transactions with valued partners, gives Foreguard four vessels on long term TCs with purchase options, at rates that should provide excellent earning potential on the vessels for the duration of their charters”
Alan was named Young Person Of The Year 2016 at the 9th Seatrade Maritime Awards Asia, and also named in Lloyds List Next Generation 2015 as one of “Shipping’s Rising Stars”.
Prior to becoming Managing Director of Foreguard Shipping, Alan was CEO and the Executive member of the Board of Directors of FSL Trust Management, the Trustee-Manager of FSL Trust, a Singapore-listed shipping trust. He was responsible for the turnaround of FSL Trust from August 2013 to early 2017.
During his tenure at FSL Trust, the total unitholder return was over 93%, representing an IRR for investors in excess of 20% per annum, despite the back drop of challenging shipping markets.
Prior to FSL, Alan was CEO of a privately-owned product tanker business (since May 2007) and previously a M&A/corporate finance banker at Lazard and Dresdner Kleinwort.
Alan holds a B.Sc. and M.Sc. from the London School of Economics.