WFW advises BPER on Coscos financing17 January 2024
Coscos, a joint venture established by the Fratelli Cosulich Group and Cosco Shipping.
Coscos, a joint venture established by the Fratelli Cosulich Group and Cosco Shipping.
The loan recapitalises Rimorchiatori Augusta following its purchase of Italian-flagged tugboat “CITTÀ DI SIRACUSA”.
The loan cancels all the outstanding debt owed to BPS relating to the purchase of bulk carrier Saturnia from Ocean Trader V LLC.
The Liberty K vessel was sold to the buyers at market price.
Watson Farley & Williams advised Nai Int. Ltd. on the purchase of eight vessels from Vassholmen Shipping Ltd.
The main purpose of the loan is to refinance the existing financial debt relating to Bulk Malta’s Hampton Bridge Panamax bulk carrier vessel built in Korea in 2013.
Watson Farley & Williams has advised Navigazione Montanari S.p.A. and Nai Int Ltd on the sale of the Vallermosa and Valtamed tankers.
The 5,300-ton vessel will be equipped with electric propulsion systems as well as dual technology power generators.
The Golar Tundra will contribute circa 6.5% of Italy’s gas needs, bringing the Italian regasification capacity to more than 25% of demand.
All five vessels will fly the Italian flag and operate in the oil, product, chemical tanker and bulker segments.
Banco BPM is Italy’s third largest retail and corporate banking conglomerate, formed in January 2017 through the merger of Banco Popolare and Banca Popolare di Milano.
One of the loans is guaranteed by a SACE guarantee on the basis of the liquidity decree (no. 23/2020) under the “Garanzia Italia” programme.