The vessel was funded by a pre- and post-delivery financing facility backed by Italian ECA SACE.
Italy’s 2021 Annual Competition Law gives the Transport Regulation Authority the power to regulate ADR procedures for the transport sector, requiring a compulsory conciliation procedure be undertaken prior to any action in court.
The two additional newbuildings planned – Explora V and Explora VI – will use LNG as a main fuel as well as green hydrogen to bring emissions down to zero in port.
The vessel was formerly operated under the Crystal Cruises brand and owned by a subsidiary of Genting Hong Kong Limited.
Construction is expected to be completed in December 2023 and, when finished, will be the largest cruise terminal in the US.
As of 1 January 2020, shipowners and lessors may apply an exceptional tax depreciation when acquiring equipment using decarbonised energy for the main or auxiliary propulsion of a vessel.
In Support of Maritime Arbitrations (Part 2): The courts’ powers to preserve evidence, property and assets and order attendance of witnesses25 November 2021
In the second article of this series, Partner Mike Phillips and Associate Sylvie Allen discuss the courts’ powers under the Arbitration Act 1996 to preserve evidence, property and assets and order the attendance of witnesses in LMAA arbitrations.
TUI Cruises announced the pricing of its offering of €223.5m aggregate principle amount of 6.500% senior notes due in 2026 on 21 October 2021.
In this German webinar, our Hamburg Partners Dr Clemens Hillmer and Dr Maximilian Boemke will give you an overview of the legal regulations governing the recycling of ships.
As the law firm with the largest dedicated maritime practice in the world, we are proud to be long-standing supporters of London International Shipping Week, which in a short time has grown to be one of the world’s premier maritime events.