WFW advises ICBC Financial Leasing on US$544m sale and leaseback with Frontline24 March 2020
Frontline used the proceeds to fund the acquisition of the ten vessels from Trafigura Maritime Logistics.
Insights
Featured Topics
Fostering the Growth of Ship Leasing in Hong Kong – Ship Leasing Tax Concessions19 March 2020
In this article we discuss the salient points of the Inland Revenue (Amendment) (Ship Leasing Tax Concessions) Bill 2020 which was gazetted on 17 January 2020.
Proposed IAA Amendments29 January 2020
In this article we discuss the proposed amendments to Singapore’s International Arbitration Act.
No withdrawal from time charter under BIMCO Non-Payment of Hire Clause for previous unpaid hire instalments21 January 2020
In this article, we discuss the Commercial Court decision in The Caravos Liberty.
WFW advises Ridgebury and Tufton on US$40.6m acquisition of two Suezmax tankers with Euronav10 December 2019
The joint venture acquired two Suezmax tankers for a combined consideration of US$40.6m.
Marshall Islands removed from EU blacklist; economic substance guidelines forthcoming11 October 2019
On October 10, 2019, the Marshall Islands was removed from the European Union’s blacklist of non-cooperative jurisdictions for tax purposes.
US Sanctions COSCO: Effects on the Shipping Community26 September 2019
COSCO Tanker and COSCO Shipping Tanker (Dalian) Seaman and Ship Management Co., as well as four other Chinese companies, have been placed on the list of “Specially Designated Nationals and Blocked Persons by the US Office of Foreign Assets Control. This article looks into the effects of these sanctions.
WFW advises CMBFL on US$93.7m sale and leaseback transaction with Star Bulk18 September 2019
Shanghai-based CMBFL provides financial leasing solutions to large, medium and small businesses across China. It is a subsidiary of China Merchants Bank, the first share-holding commercial bank wholly owned by corporate legal entities in China.
WFW advises Zeaborn on joint venture with MPC Capital Group17 September 2019
Under this joint venture, ZEABORN and MPC will combine their global activities for the chartering and commercial management of 160 container and bulk carriers.
Issues in ship leasing transactions12 September 2019
This article looks at ways in which a lease can in some respects be potentially more favourable to a creditor who is also a lessor as compared with the position of a secured lender.
DfT and Maritime London event roundup12 September 2019
Our Global Head of Maritime, Lindsey Keeble moderated a panel… Read more
London International Shipping Week9 September 2019
How can we ensure the future success of both the maritime industry and the environment? We will be exploring this question at London International Shipping Week, the UK’s leading annual industry gathering.
