WFW advises on US$50m facility to First Ship Lease Trust
The facility is secured on 14 of First Ship Lease Trust’s vessels flagged in either the Bahamas or Singapore.
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WFW advises MSC Cruises on €1.5bn financing for two new Seaside EVO class cruise ships
We advised long-standing client MSC Cruises on the €1.5bn ECA-backed financing for two new Seaside EVO class cruise ships.
WFW advises ING Bank on US$220m nine vessel financing
“We are once again delighted to have worked with ING, a longstanding client, on this new financing to Latsco, one of the highest quality operators in the product tanker sector”.
No cross-undertakings in damages for ship arrests
Charles Buss and Nick Payne discuss the recent decision of the Admiralty Court in London, Natwest Markets Plc v Stallion Eight Shipping Co. S.A., in which we acted for the successful party. Has the recent decision confirmed the attractiveness of England as a jurisdiction for the arrest of ships?
WFW advises TUI Cruises GmbH on building contracts for two new InTUItion class passenger cruise ships
To be involved in the negotiation and conclusion of the building contracts for these two newbuilds was a great pleasure for WFW
WFW advises Grindrod Shipping on dual listing
We advised Grindrod Shipping Holdings, the shipping arm of South African transportation and logistics provider Grindrod, on its spin-off from its parent and its US$320m primary listing on NASDAQ and secondary listing on the Johannesburg Stock Exchange.
WFW advises Pacific Basin Shipping on US$325m refinancing of 50 vessels
advised PB Vessels Holding Ltd on a US$325m secured revolving credit facility for the refinancing of 50 vessels.
WFW advises Okeanis Eco Tankers Corp. on US$100m Oslo IPO
We advised an industry leader on their first ever maritime listing, especially given that they are set to become the Alafouzos family’s primary vehicle for tanker activities.
Double Recovery? Damages for Cargo Claims
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 Citibank and Nordea on ECA-backed loan restatement resulting from blockbuster merger
The Euronav and Gener8 merger is a notable event for the maritime industry.