We are one of the world’s leading shipping practices, providing advice throughout Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.
The scale of our shipping law practice sets us apart from the rest of the field. As a result, our experience is particularly wide-ranging. Our clients include owners and operators, banks, trading houses, lessors, charterers, oil majors, LNG operators, brokers, ship builders, container shippers and cruise ship operators. We are qualified to handle everything from the most complex tax lease structures to anti-competition actions, from ship conversion disputes to offshore disputes.
Our areas of work include
- shipping finance
- mergers and acquisitions
- competition and regulation
- dispute resolution and litigation
- international trade and commodities
- marine casualty and admiralty
- offshore and energy
- tax advice and planning
Our recent work
- Advising The Swedish Club and the Owners of the vessel, in the high profile casualty in which the containership, “Rena”, ran aground in the Bay of Plenty with a subsequent spill of around 300 tonnes of fuel oil onto the local beaches.
- Advising Groupama Transport as insurers of the National Iranian Tanker Company’s fleet of tankers (the 4th largest tanker fleet in the world) NITC purchased insurance from insurers in the London, European and Far East markets. In October 2010, EU regulation 961/2010 came into force as part of the international response to the alleged Iranian nuclear threat. The EU regulation prohibits the insurance of Iranian nationals, although allowed existing insurances to run to expiry. The issue in this case was whether a contractual provision in the insurance for “automatic renewal” was permitted under the regulation and whether insurers were entitled to cancel under an Iranian sanctions clause.
- Advising HSM Products Limited (HSM) on the acquisition of five subsidiaries of FR8 Singapore Pte. Ltd (FR8) and one product tanker from FR8, acquiring in total a fleet of 6 product tanker vessels. The acquisition involved the assumption of debt by HSM and the financing of the acquisition by a syndicate of banks involving CA-CIB, Unicredit AG, BNP Paribas S.A., ABN AMRO Bank N.V. and Natixis Banque.
- Advising a Coordinating Committee of five international banks (representing 14 banks in total) in the US$3.5bn restructuring of Danaos Corporation, the making available of new money facilities of some US$0.5bn, and the issue of a new series of corporate warrants to purchase an aggregate of 15 million shares. This was on top of some $200 million of vendor finance from a major Korean shipbuilder, and US$200m of new equity from new investors. All of this was carefully structured and layered into the transaction to bring it to a positive conclusion.
- Advising Stena Line Scandinavia AB on the acquisition of five ferry routes from German shipping company Scandlines GmbH. This was the first shipping instruction for us since opening our office in the key maritime centre of Hamburg.
Awards and accolades
- Shipping Law Firm of the Year - Global Transport Finance 2013
See our 'Coastal Shipping Reforms: Changes at a glance' infographic. Please note, this information is current as at 2 June 2015.