WFW advises MSC on financing for two new LNG-powered cruise ships18 April 2024
We advised MSC Cruises on the financing for two new LNG-powered cruise ships from French ship builder Chantiers de l’Atlantique
We advised MSC Cruises on the financing for two new LNG-powered cruise ships from French ship builder Chantiers de l’Atlantique
The loan facilities are backed by Italian export credit agency SACE.
This article looks at the recent decision in West Palm Beach Firefighters’ Pension v. Moelis & Co.
GPH is the world’s largest cruise port operator with an established presence in the Caribbean, Mediterranean and Asia-Pacific.
Robert has 18 years’ experience in private practice advising on corporate and transactional matters.
Attention should be paid to the newly published guideline of the tax authorities on the German tonnage tax regime which provides further clarifications on related aspects (subject to final and pending court decisions).
The vessel is expected to be the best-performing cruise ship in the world.
The vessel was funded by a pre- and post-delivery financing facility backed by Italian ECA SACE.
Italy’s 2021 Annual Competition Law gives the Transport Regulation Authority the power to regulate ADR procedures for the transport sector, requiring a compulsory conciliation procedure be undertaken prior to any action in court.
The two additional newbuildings planned – Explora V and Explora VI – will use LNG as a main fuel as well as green hydrogen to bring emissions down to zero in port.
The vessel was formerly operated under the Crystal Cruises brand and owned by a subsidiary of Genting Hong Kong Limited.
Construction is expected to be completed in December 2023 and, when finished, will be the largest cruise terminal in the US.