Dogger Bank is being developed in three phases which, when operational, will be the world’s largest offshore wind farm with a total installed capacity of 3.6 GW.
WFW advises ORD on shipbuilding contract for development of luxury residential vessel M/Y Njord13 August 2021
The M/Y Njord, which has a target delivery date in 2025, is a 289-metre private residential yacht featuring 117 luxury residences. Its primary goal is to act as a home base for individuals and families sharing a passion for travel, adventure and discovery across the oceans.
Valiant Lady is the second of four cruise ships ordered by Virgin and is expected to be based in the Mediterranean by 2022.
WFW advises BPER Banca, CDP, Banca Popolare di Sondrio and SACE on €31.5m Fratelli Cosulich financing26 May 2021
WFW has advised a consortium of banks on a €31.5m loan to Fratelli Cosulich to finance the construction of an 8,200mc gas carrier.
The transaction was approved, subject to conditions, earlier in the year and involved the financial and commercial arrangements relating to the acquisition by TUIC of the HL Cruises’ business, including its luxury and expedition fleet, consisting of two five-star plus category luxury vessels and three expedition cruise ships.
This briefing examines recent IMO guidance relating to delays of ship deliveries due to COVID-19.
This briefing will discuss the potential effect of the COVID-19 crisis on borrowers and lenders and their English law loan facilities.
The deal includes the acquisition of HL Cruises’ luxury and expedition fleet, consisting of two five-star plus luxury vessels and three expedition cruise ships, by TUI Cruises.
The financing structure provides construction financing for the Vessels as well as post-delivery financing in respect of 80% of the total cost of construction of the three vessels.
WFW advises TUI Cruises GmbH on building contracts for two new InTUItion class passenger cruise ships17 July 2018
To be involved in the negotiation and conclusion of the building contracts for these two newbuilds was a great pleasure for WFW