WFW advises ZEABORN on acquisition of CPO Tankschiffreederei16 May 2019
ZEABORN expands its ship management activities beyond its traditional focus on container ships, heavy-lift and bulk carriers.
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IMO 2020 sulphur requirements: Key contract issues for shipowners to consider10 April 2019
Our authors look at the key issues for shipowners in contracts for the acquisition, transport, installation and commissioning of scrubbers to meet IMO 2020 sulphur requirements.
WFW advises on US$71.42m facility for Star Bulk3 April 2019
Star Bulk can now refinance part of the fleet it acquired from Augustea and York last year and ensures that their fleet will comply with the highest environmental standards through their retrofitting of scrubbers.
UK tonnage tax – Brexit: One less problem to solve27 March 2019
With near perfect timing, the administrators of UK tonnage tax have cleverly and conveniently solved one potential Brexit problem. Read to find out more.
WFW advises Armamento Setramar on M/n. “Pietro Benedetti” sale19 February 2019
We advised Armamento Setramar on the sale of the vessel “Pietro Benedetti”.
WFW advises BNP Paribas on US$439m SINOSURE-backed financing of 86 MSC scrubbers25 January 2019
In light of the new IMO 2020 sulphur cap regulations, we recently advised BNP Paribas on the $439m SINOSURE-backed financing of 86 MSC scrubbers.
Effect of changing sanctions regime on sanctions exclusion clauses30 October 2018
The English High Court has given helpful guidance on the protection offered by sanction clauses in a marine cargo insurance policy.
WFW advises Danaos on US$2.2bn debt restructuring and refinancing20 August 2018
We advised Danaos Corporation on the comprehensive restructuring and refinancing of its US$2.2bn debt maturing 31 December 2018 with certain of its lenders including Citibank, Credit Suisse, HSH Nordbank and RBS.
US secondary sanctions on Iran and the EU Blocking Statute: Implications for the shipping industry15 August 2018
On 7 August 2018, both the first wave of re-imposed US secondary sanctions, and the EU Blocking Statute took effect: how can we comply with two incompatible laws at the same time?
Do arbitration agreements in bills of lading bind their holders?14 August 2018
In Sea Masters Shipping Inc v Arab Bank (Switzerland) Ltd, the Court ruled that the holder of a bill of lading which includes or incorporates an arbitration agreement will be subject to the jurisdiction of a tribunal formed under the arbitration agreement.
Double Recovery? Damages for Cargo Claims18 June 2018
The outcome of Sevylor Shipping v Altfadul Company held an owner liable to a bill of lading holders for its full damages claim. Read on to find out why this outcome could be difficult to reconcile with key principles of English law.
WFW advises PSA Sines on Portuguese container terminal refinancing7 June 2018
The facility was made available to PSA Sines for the purpose of refinancing its container terminal at the port of Sines which, handling 1.69 MTEUs in 2017, is the largest of its kind in Portugal.
