Partners Joe McGladdery and Simon Kavanagh, in the latest issue of Marine Money, look at some of the more significant issues faced generally by Owners when constructing and financing LNGCs against long-term charters.
The financing, which has a tenor of ten years, represents the first K-SURE-supported financing for Evergreen group.
Securitisation principles and certain structuring efficiencies were utilised to enable Fleetscape to offer sale-and-leaseback or unitranche financing on highly competitive terms.
The new unit “Grande Texas” was delivered on 26 January 2021 and is the sixth of seven car carriers ordered by Grimaldi Euromed from the Yangfan shipyard in Zhoushan, China.
The firm was awarded ‘Law Firm of the Year 2021’ in the Transport sector while Partner Furio Samela was also named ‘Lawyer of the Year 2021 – Transport’.
The Eco Barcelona is the second unit of the Grimaldi Green 5th Generation (GG5G) class and can transport over 7,800m of rolling goods, equivalent to circa 500 trailers.
This article examines the case of Banco San Juan Internacional, Inc v Petroleos De Venezuela SA. where the effect of sanctions on obligations under a loan agreement and the doctrine of unenforceable penalty were discussed.
Both LNG Carriers Tangguh Batur and Tangguh Towuti have been recognised by the Maritime and Port Authority of Singapore’s Green Ship Programme for attaining Energy Efficiency Design Index certification.
The first drawdown refinanced indebtedness in relation to nine VLCCs and three Suezmaxes and security included Belgian, Greek and French mortgages over these ships.
This briefing will discuss the potential effect of the COVID-19 crisis on borrowers and lenders and their English law loan facilities.
