WFW advises Danaos on US$450m newbuild vessel financing
We advised Danaos Corporation on a US$450m post-delivery senior secured term loan facility to finance eight newbuild vessels under construction.
Our highly experienced team provides commercial and regulatory advice for stakeholders in all maritime classes including tankers, bulk-carriers, gas carriers (LNG, LPG), offshore units, supply and support vessels as well as specialised areas such as ferries, cruise ships and seismic surveying.
With a reputation for a commercially aware, practical approach, our lawyers cover the whole gamut of commercial shipping requirements including newbuilding contracts, sale & purchase contracts, chartering, supply, service and installation and regulatory and sanctions advice (from IMO compliance issues to recycling and establishment of NGOs).
We are recognised industry leaders in current complex issues such as sanctions, scrubbers (purchase, sale, installation and financing) and other bespoke contractual arrangements.
We advised Danaos Corporation on a US$450m post-delivery senior secured term loan facility to finance eight newbuild vessels under construction.
We discuss whether salvage terms were ever agreed between parties to refloat the EVER GIVEN, during a catastrophic grounding in the Suez Canal in March 2021, and how this affected the final salvage costs to the owners.
This article looks at the recent decision in West Palm Beach Firefighters’ Pension v. Moelis & Co.