The vessels, which will be on seven-year long term charters to Israeli line operator Zim following delivery scheduled in early 2024, represent MPCC’s first ever newbuild order.
In this week’s Commercial Disputes Weekly, discover the final word from the Supreme Court on the law applicable to arbitration agreements, as well as how the rule on reflective loss is being applied and what happened in a case where WFW acted for the successful claimant lenders when allegations of undue influence were made.
The deal was named “Structured Finance Deal of the Year” 2021 by leading international maritime sector publication Marine Money.
We are delighted to offer a series of webinars looking at some of the notable issues shipowners and operators face in the near to medium term, with insight from our leading experts in issues of maritime environmental, tax and employment law.
We would like to invite you to join our Webinar ‘It’s fire but not as we know it? – The Risks of Li-ion Batteries and other alternative fuel sources’.
In this week’s Commercial Disputes Weekly, an interesting judgment on the status and effect of an in rem judgment on an in personam collision claim, as well as the latest on anti-suit injunctions.
Disputes can arise over whether a cargo claimant’s arbitration notice was issued validly – and how (and if) the LOU arbitration provision should be read with the bill of lading’s arbitration clause. Recent guidance stresses caution in such circumstances.
The loan is secured over three large container ships operated by Maersk A/S, a subsidiary of AP Moller Maersk.
Ship-owning joint ventures are a common occurrence in today’s market. This article explores the “Steel Split”, a mechanism that is somewhat unique to maritime joint venture documents.
This article looks at the UK Commercial Court decision in BP Oil International Ltd v Vega Petroleum Ltd and another, which is a useful reminder of the English courts’ approach to contractual interpretation.