WFW advises GEFO Shipping Group on strategic order for ten chemical tankers9 February 2024
The state-of-the-art vessels, which are scheduled for delivery between 2026 and 2028.
The state-of-the-art vessels, which are scheduled for delivery between 2026 and 2028.
The deal includes disposing of the 2,800 TEU container ships Cimbria and Cardonia.
The restructuring was implemented using two procedures that have been used together for the first time.
In this article we discuss Havila Kystruten AS v Abarca Compania de Seguros AS in which we represented the successful Norwegian shipowner. The judgment is welcome for the detailed guidance on the parties’ rights to terminate shipbuilding contracts as well as the nature and scope of refund guarantees.
The vessel was formerly operated under the Crystal Cruises brand and owned by a subsidiary of Genting Hong Kong Limited.
The vessels will be equipped with a dual-fuel engine setup which enables operation on methanol as well as conventional MGO.
NAC is the largest lessor of regional aircraft, with over 500 aircraft. Since the onset of the pandemic, NAC is to-date the only aircraft lessor to have entered into any formal restructuring proceedings.
The ZouZou – If the owner’s marine insurers decline cover for a total loss, will the lender’s mortgagee’s interest insurance policy come to the rescue?
The vessels, which will be on seven-year long term charters to Israeli line operator Zim following delivery scheduled in early 2024, represent MPCC’s first ever newbuild order.
The 5,500 TEU vessels will have a new eco-friendly design allowing for a 40% reduction in fuel consumption compared to the existing fleet and are ready for conversion to carbon-neutral operations based on green methanol.
Prosafe is the leading Norwegian headquartered owner/operator of semi-submersible accommodation vessels.
With the remarkable rise in activities around the ordering of vessels to be constructed after years of very limited orders, industry players have yet again to be aware of the legal aspects and pitfalls relating to newbuilding contracts and refund guarantees.