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.
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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.
WFW advises Höegh LNG on first FSRU sale and leaseback with CCBL27 August 2019
Following the completion of the transaction, Hoegh LNG is now fully funded with both equity and debt for its current newbuilding programme, which will be completed with the delivery of Hoegh Galleon in August 2019.
US Sanctions Government of Venezuela: Not Quite an Embargo8 August 2019
On August 5, 2019, US President Donald Trump continued to escalate US sanctions on Venezuela by imposing direct blocking sanctions on the Government of Venezuela.
WFW advises Teekay on US$250m private offering4 June 2019
We advised on the New York, Marshall Islands and English law aspects of the transactions, including relating to certain collateral security granted on the notes.
WFW advises Teekay Offshore on US$414m ECA-backed shuttle tanker newbuild loan10 April 2019
The vessels covered are four Suezmax DP2 shuttle tankers due for delivery in 2019 and 2020.
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 Crédit Agricole on Armatori Group newbuild tanker financings19 March 2019
This transaction represents the Amoretti family’s first newbuild order in nearly ten years.
WFW advises Höegh LNG on K-Sure backed US$200m debt financing for ninth FSRU23 October 2018
We advised Höegh LNG Ltd on the US$200m debt financing for its ninth floating storage and regasification unit (“FSRU#9”) currently under construction at Hyundai Heavy Industries in South Korea.
WFW advises Höegh LNG on new small-scale LNG joint venture with Golar and Stolt-Nielsen8 October 2018
“We’re delighted that we were able to assist Höegh LNG on this significant strategic joint venture that brings together three leading shipowners and operators to develop facilities that will serve a vital need by bringing LNG to areas of stranded demand…”
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?
WFW advises MUFG on US$180m refinancing of two K-Line LNG vessels4 April 2018
These Asian and European banks are coming together in support of the growing LNG market.
