WFW deals garner six Marine Money ‘Deal of the Year 2021’ awards17 June 2021
Highlighting once again the firm’s standing as the ‘go to’ law firm for the shipping industry worldwide.
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A Greener Voyage: Navigating Emissions Trading Schemes for the maritime sector7 June 2021
As the reduction in carbon emissions becomes an increasing international priority, managing emissions in the maritime sector is particularly under the spotlight. This article explains how the EU emissions trading scheme is expected to apply to the shipping industry, the current status of the UK emissions trading scheme and the legal and commercial issues that may arise.
A Global Minimum Tax Rate – How Special is Shipping (and Does Anyone Care)?1 June 2021
Ambitious proposals from the OECD to restructure the system of global taxation of multinational companies are gaining real momentum. This article discusses these proposed reforms, their potential to cut through tax policies applied to shipping and whether shipping will gain an exemption from the global minimum effective tax rate.
Alternative Fuels – What does the future hold for Shipping?12 May 2021
Drawing on the findings of our recent report “The Sustainability Imperative”, this article takes a look at some of the possible fuels to replace heavy fuel oil in the shipping industry. While some of these alternative fuels may eventually prove to be intermediate solutions, they remain an essential part of the industry’s journey to its carbon neutral future.
WFW advises Euromont and Navigazione Montanari on €35m product tanker acquisition financing11 May 2021
The six-year loan is backed by Italian export credit agency SACE through its “Garanzia Italia” facility and was partly used by Euromont for the purchase of two product tankers.
Digitalising Singapore: the new ETA and its impact on e-Bills of Lading7 May 2021
This article discusses some key benefits of Singapore’s Electronic Transactions (Amendment) Act 2021 and its impact on the maritime sector, focusing on e-bills of lading with a Q&A at the end.
Ship leasing – risk of reclassification in US proceedings15 April 2021
As the importance of ship leasing as an alternative to debt financing grows, one potentially difficult and uncertain issue should be examined: the risk of a lease being recharacterised in US legal proceedings.
“Splitting the Steel” in Shipping Joint Venture Agreements9 April 2021
Ship-owning joint ventures are a common occurrence in today’s market. This article explores the “Steel Split”, a mechanism that is somewhat unique to maritime joint venture documents.
ESG and Covid-19: How employers can promote seafarer wellbeing7 April 2021
As the maritime sector increasingly turns its attention to environmental, social and corporate governance issues, our latest article explores seafarer welfare, particularly during the COVID-19 pandemic, and how employers can promote the wellbeing of seafarers.
Frank Dunne to become Senior Advisor at WFW29 March 2021
His new role will focus on supporting the clients he has worked so closely with for many years; while continuing to assist partners and their teams and remaining a strong advocate and ambassador for the firm.
A Year on for Poseidon Principles26 March 2021
Kate Silverstein and Emily Widdrington have written a feature article in the March 2021 edition of Maritime Risk International on the first annual report of the Poseidon Principles.
