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WFW advises US maritime lender on US$56m senior loan facility for Seamax29 January 2021

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Watson Farley & Williams (“WFW”) has advised a US maritime lender on a US$56m senior secured financing for Seamax Container Shipping II LLC (Seamax”). The loan is secured by four container ships operated by Seamax Shipping.

Seamax operates a fleet of 12 modern, post-Panamax container ships and provides the world’s top shipping lines with over 1.2m deadweight tonnage in carrying capacity.

The cross-border WFW Maritime team that advised on this deal was led by London Asset Finance Partner Kavita Shah, supported by Senior Associate John Man and Associate Charlotte Humphreys. New York Corporate Partner John Benson, supported by Senior Associate C.J. Chido and Associate Ace Pawlikowski, advised on the New York and Marshall Islands law aspects of the transaction, while New York Tax Partner Daniel Pilarski provided sanctions-related expertise.

Kavita commented: “I’m especially pleased that we were able to work so seamlessly with our colleagues in New York to offer advice on legal matters concerning Marshall Islands law and US sanctions, illustrating the breadth of WFW’s global maritime offering across all service lines”.

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