WFW advises Banco Santander on US$71.1m K-SURE loan facility for Evergreen

Watson Farley & Williams LLP (“WFW”) has advised Banco Santander, S.A. (“Banco Santander”), through its Hong Kong Branch, as lender, facility agent and security agent, and Korea Trade Insurance Corporation (“K-SURE”) on a US$77.1m K-SURE-supported term loan facility for Evergreen Marine Corporation (Taiwan) Ltd. (“Evergreen”) to finance the acquisition of four newbuilding container ships. The …

The post WFW advises Banco Santander on US$71.1m K-SURE loan facility for Evergreen first appeared on H...

https://www.hellenicshippingnews.com/wfw-advises-banco-santander-on-us71-1m-k-sure-loan-facility-for-evergreen/

Suez Canal Blockage to Cause Lasting Construction Delays and Owner-Contractor Disputes

The six-day saga of the Ever Given came to an end on the afternoon of Monday, March 29, when the 1,300-foot cargo ship was finally dislodged from the banks of the Suez Canal. However, with over 300 ships waiting for passage through the Canal, the impacts on international shipping are predicted to...

https://www.hellenicshippingnews.com/suez-canal-blockage-to-cause-lasting-construction-delays-and-owner-contractor-disputes/

Suez Canal Blockage Could Worsen Port Congestion And Impact Usage Of Panama Canal

According to media reports, a massive 400-meter container ship operated by Evergreen Marine Corp. in Taiwan, the Ever Given, became stuck in the Suez Canal after apparently running aground due to high winds from a sandstorm. As a result, potentially hundreds of ships cannot pass on either side of...

https://www.hellenicshippingnews.com/suez-canal-blockage-could-worsen-port-congestion-and-impact-usage-of-panama-canal/

WFW advises Star Bulk on acquisition of seven vessels from Scorpio Bulkers

Watson Farley & Williams (“WFW”) has advised NASDAQ listed Star Bulk Carriers Corp. (“Star Bulk”) on the acquisition of seven vessels (the “Vessels”) from the NYSE listed Scorpio Bulkers Inc., (“SALT”) by assuming the outstanding lease obligations of the Vessels which are currently at US$102.3m. As...

https://www.hellenicshippingnews.com/wfw-advises-star-bulk-on-acquisition-of-seven-vessels-from-scorpio-bulkers/

Know your debtor: ship arrests for claims against bareboat charterers

In a recent decision¹ by Admiralty Registrar Davison², in a case in which WFW acted for the successful shipowner, the Admiralty Court has helpfully confirmed that claims against bareboat (demise) charterers can only be enforced against the ship in respect of which the claim arose if the charter...

https://www.hellenicshippingnews.com/know-your-debtor-ship-arrests-for-claims-against-bareboat-charterers/

WFW advises TORM on purchase of eight MR product tankers from TEAM Tankers

Watson Farley & Williams (“WFW”) has advised TORM on its agreement to purchase eight 2007-2012 MR product tankers with chemical trading capabilities from TEAM Tankers Deep Sea Ltd., for a total cash consideration of US$82.5m and the issuance of 5.97m TORM shares. The vessels are scheduled to be...

https://www.hellenicshippingnews.com/wfw-advises-torm-on-purchase-of-eight-mr-product-tankers-from-team-tankers/

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.