It is not particularly common for a dispute arising out of the 2012 version of the Norwegian Saleform (NSF 2012) to reach the English Court. Therefore, the Court’s findings in King Crude Carriers SA & others -v- Ridgebury November LLC & others (Re an Arbitration Claim) [2023] EWHC 3220 (Comm) on...
https://www.hellenicshippingnews.com/caution-on-amendments-to-standard-forms/
Imagine a container vessel capable of more-than doubling the amount of work normally performed by a ship of its size, yet with zero emissions. Such a vessel would likely gain massive market share very quickly and have a drastic effect on market dynamics. This is the near reality as nuclear-powered...
In a well-timed decision given the current situation in the Red Sea and Gulf of Aden, the UK Supreme Court recently handed down judgment in Herculito Maritime Ltd v Gunvor International BV [2024] UKSC 2, a decision that arose from seizure of a ship by Somali pirates. Key facts The vessel MT Polar...
Watson Farley & Williams (“WFW”) has advised GEFO Shipping Group on its triple-digit million order for ten seagoing chemical tankers from China’s Xiangyu Shipyard based in Nantong. The state-of-the-art vessels, which are scheduled for delivery between 2026 and 2028, have been designed to be...
In June 2023, rules for bringing the maritime sector into the EU’s Emissions Trading Scheme (the “EU ETS”) came into force. All Member States (except one) have failed to transpose this legislation by the December 2023 deadline, but the obligations on the maritime sector continue, nonetheless. The...
Global, sector-focused law firm HFW has continued to expand its Greek ship finance offering with the hire of a leading team in Piraeus, led by partners Robin Parry and Ronan Le Du. Robin and Ronan each have decades of experience on ship finance matters and join HFW alongside a team of six lawyers...
Watson Farley & Williams (“WFW”) is delighted to announce the expansion of its maritime dispute resolution practice in Athens with the arrival of three new partners, Jamila Khan, Aris Moschopoulos, Dimitris Giomelakis. All join the firm from the former Piraeus office of Ince, along with a team...
Watson Farley & Williams (“WFW”) has advised Global Ports Holding (“GPH”) on a €35.9m loan granted to it by Banco Santander, via its affiliate Global Ports Canary Islands owned by Global Ports Destination Services LTD and Servicios Portuarios Canarios, S.L. (“Sepcan”), to finance the construction...
https://www.hellenicshippingnews.com/wfw-advises-gph-on-e35-9m-banco-santander-financing/
On January 18, 2024, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced the imposition of sanctions against a United Arab Emirates-based shipping company, Hennesea Holdings Limited (“Hennesea”) and eighteen vessels ultimately owned by Hennesea for violations of the...
International commercial law firm Hill Dickinson has announced the latest move in its international growth strategy with the opening of a new office in Limassol, Cyprus. The firm has joined forces with shipping partners George Zambartas and Ester Toumpouris to establish a new base on the island...
https://www.hellenicshippingnews.com/hill-dickinson-establishes-international-network-in-cyprus/