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Lawrence Graham

Lawrence Graham Completes LATCO Loans

London law firm, Lawrence Graham has advised the Latvian Shipping Company on a complex multi-bank loan scheme to finance its recently completed purchase of three 68,000 dwt product tankers. The $125 million deal, together with $90 million of associated acquisition finance, involved separate loan agreements with banks in Hamburg, Stockholm, Riga and Rotterdam. Duncan Bateson, senior shipping assistant lawyer, who managed the transaction, says, "LATCO wanted to take the opportunity to get to know a number of banks through separate loans rather than obtain one syndicated loan. Negotiating three sets of loan documents added an extra challenge to quite a tight delivery schedule." Latvian Shipping Company agreed to pay $41.6 million for each of the sister vessels and Lawrence Graham advised them on three separate purchases and loan facilities of $30 million each. The purchases and financings involved coordinating legal advice from many jurisdictions around the world, including Germany, Sweden, Latvia, Netherlands, Greece, Malta, Bermuda, Cyprus, Caymans, Liberia, with the vessels delivered in Japan and Brazil. The Lawrence Graham team consisted of shipping partner Mike Lax and finance partner Paul Walker, who were assisted by senior shipping assistant Duncan Bateson and finance junior Raj Bahia.


Settlement reached in Stocznia/Latreefers dispute

TERMS of settlement have been reached in the protracted legal dispute between Polish shipyard Stocznia Gdanska, Latreefers and the Latvian Shipping Company ("Latco"). The settlement, the terms of which remain confidential, brings to an end a long-running legal battle which has been fought out in the English and French courts over a period of years. The Latvian interests were represented throughout by Lawrence Graham. Ince & Co represented the Polish yard.


Graham Gulf Commissions a Special Boat

The Graham name is well known in the Gulf of Mexico maritime world with family ownership of fleet operator Graham Gulf and the C&G Boat Works in Mobile Alabama. As Graham Gulf's newest crew boat leaves the C&G Boat Works and goes into service this month it will mark a special memorial. The 165-foot vessel is named for Gayla Graham, sister to Janson Graham and a partner in the firm, who died tragically in an auto accident last year


Are You Ready for HNS?

London law firm Lawrence Graham says shipping is focusing on complying with security requirements, but another Convention soon to be enforced will have major ramifications for all aspects of shipping. Are you ready for the Hazardous and Noxious Substances Convention 1996? Writing in the latest issue of Shipping Lawgram, Imogen Rumbold, shipping partner, says the HNS Convention is likely to come into force in the next two years


St. Lawrence Seaway Opens

The Montreal/Lake Ontario section of the St. Lawrence Seaway officially opened today with the transit of the M/V Halifax at the St. Lambert Lock. Destined for Toledo carrying a load of iron ore from Sept-Iles, the 17,752 tonne bulker has a complement of 25 sailors. The Seaway has opened on or before March 31st in 15 of the last 20 years. The official opening of the St. Lawrence Seaway occurred on the Welland Canal two days ago, marking its 46th consecutive shipping season


Senior Shipping Lawyers Join P&I Club

Three experienced shipping lawyers have moved to the 45 million GT North of England P&I club, further confirming its status as one of the major players in the international maritime insurance industry. They include two partners from leading London maritime firms and a US shipping attorney from New York. Former Lawrence Graham partner Charles Baker (54) has joined the club's freight, demurrage and defence department as a solicitor


2009 St. Lawrence Seaway Traffic Report

The St. Lawrence Seaway Traffic Report 2009 Navigation Season report has been published on the Greatl Lakes St. Lawrence Seaway website. http://www.greatlakes-seaway.com/en/seaway/facts/traffic/index.html  


Commissioning for Newest Navy Destroyer USS Lawrence

The USS William P. Lawrence (DDG 110) will be commissioned June 4, 2011, at the Alabama State Port Authority Pier 2 Terminal in a ceremony co-hosted by the City of Pensacola and the City of Mobile.   The commissioning was originally planned for NAS Pensacola as part of the celebration of the Centennial of Naval Aviation. Mobile offered to co-host the ceremony at the Port of Mobile after the U.S. Army Corps of Engineers announced the channel leading to the Pensacola base would not


Foss Tows Drilling Rig to AK Winter Harbor

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Jackup drilling rig successfully navigated through Cook Inlet.     Foss Maritime Co. tugs Justine Foss and Jeffrey Foss have completed a successful tow of a jackup drilling rig to its winter harbor in Port Graham, Alaska. The Spartan 151 jackup drilling rig was moved from its drill site at Nikiski, in the Cook Inlet, which becomes choked with ice during the winter. Gary Faber, president and COO of Foss Maritime


Seaway Tolls to Increase by 2.5% in 2014

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The St. Lawrence Seaway Management Corporation (SLSMC) announced a toll rate increase of 2.5% for the 2014 navigation season. The new revised tariff will be posted and available on the Seaway website on January 6, 2014. The Great Lakes / St. Lawrence Seaway navigation system supports over 227,000 jobs and $35 billion in economic activity per year. The SLSMC remains dedicated to promoting the economic and environmental benefits of marine transportation, attracting new cargoes to the Seaway


Seaspan Agreement with GCII & Blue Water

Courtesy Seaspan

  Seaspan Corporation announced today that it has entered into an agreement with Greater China Intermodal Investments LLC and Blue Water Commerce, LLC to extend the term of their Right of First Refusal Agreement by one year to March 31, 2016


Tropical Storm Polo Threatens Battered Mexican Resort of Los Cabos

  Tropical storm Polo barreled nearer on Friday to the Mexican Pacific resort of Los Cabos where thousands of troops were restoring order following widespread chaos caused by Hurricane Odile at the start of the week. Odile plowed into the southern tip of the Baja California peninsula on


Canada’s New Patrol Vessel Christened

CCGS Caporal Kaeble V.C. (Source: Canadian Coast Guard)

Entry into service of Canadian Coast Guard's new mid-shore patrol vessel, the CCGS Caporal Kaeble V.C., was inaugurated by The Honorable Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of


New DeepFlight Dragon Personal Sub

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The latest from Graham Hawkes is a Self-Pilot Personal Submarine DeepFlight introduced a new type of personal submarine at the 2014 Monaco Yacht Show: DeepFlight Dragon, an all-electric, compact, lightweight personal submarine to explore down to 400 ft. (120m)


2H Offshore Joins Deepwater Mining Consortium

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2H Offshore, an Acteon company, has joined an international European consortium comprising nineteen industry and research organizations to develop deepwater mining solutions. Over the next four years, the European Commission funded project, known as Blue Mining


2 Rescued Near Humber Bridge by Maritime & Coastguard Agency

A rescue in the Humber

  Humber Coastguard received a call just after 10am this morning reporting two people in the water after their powered canoe had capsized just west of the Humber Bridge. The Hull Coastguard Rescue Team, Humber Rescue Inshore Lifeboat and the police all attended and found one of the


Braemar Completes Merger with ACM Shipping

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  Braemar Shipping Services plc has completed the merger with ACM Shipping Group Plc (‘ACM’). ACM will merge with Braemar Seascope, the shipbroking division of Braemar Shipping Services, to form a new combined shipbroking business, which will trade as Braemar ACM Shipbroking.


St. Lawrence Seaway Cargo Shipments Return

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Over 15 million metric tons of cargo moved through the St. Lawrence Seaway during the month of July, down just 4 percent over last year, marking a sustained comeback after the slow start to the shipping season. "The month of July was extremely busy for our ports on the Great Lakes-Seaway


Ingalls Donates to MGCCC’s Transitions Academy

Ingalls Shipbuilding President Brian Cuccias, left, and Mary S. Graham, president of Mississippi Gulf Coast College hold the check representing the donation Ingalls made to MGCCC to purchase welding machines. (Photo: HII)

Huntington Ingalls Industries' (HII) Ingalls Shipbuilding division has donated $53,640 to Mississippi Gulf Coast Community College (MGCCC) for the purchase of welding machines to be used at the school's new Transitions Academy. The academy will be housed at MGCCC's West Harrison County Center in


DNV GL Revisits Offshore Oil & Gas Risks

Rig spindle valve release: Photo courtesy of DNV GL

In the first issue its 'Perspectives' online magazine DNV GL’s Graham Bennett points out that the Macondo incident has cast a spotlight on well control standards and the need for more consistency in training. Offshore oil and gas activities are not, by nature, inherently safe


Man Winched from Stricken Yacht in North Sea

A man has been rescued after his yacht ran into difficulty 28 nautical miles north of Cromer. Humber Coastguard received a distress alert from the 22-foot yacht just after 8 a.m. this morning. The person on board reported that he was taking on water


Dool to Serve as Chair of SLSMC Board

The St. Lawrence Seaway Management Corporation (SLSMC) announced that Tim Dool has been named as Chair of the Board of Directors, effective September 1. Dool was appointed to the Board in November of 2012, and represents domestic carriers. As the former President and CEO of Algoma Central


Fleet Pro to Manage Haimark Cruise Ship

MS Sea Voyager (now MS Saint Laurent): Photo FleetPro:

FleetPro says it will manage the technical and hotel operational services of Haimark Line's newly acquired MS Saint Laurent” from May 3rd, 2015. Haimark Line, with offices in Denver, Chicago and Berlin will launch the highly popular Great Lakes and St Lawrence Seaway Cruises with the


St. Lawrence Seaway Cargos up 3% over 2013

CSL Assiniboine loading iron ore at the CN/Duluth dock. Photo by Diane Hilden/courtesy Duluth Seaway Port Authority

Total cargo shipments on the St. Lawrence Seaway have surpassed 2013 levels despite one of the most difficult starts to the shipping season in years due to ice coverage. According to Seaway figures, total cargo tonnage from March 25 to August 31 reached 20 million metric tons


Date for Diary: BlueTech & Blue Economy Summit & Expo

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The Maritime Alliance promotes the 6th Annual event Novemeber 12-13, 2014 at the McMillin Companies Event Center in San Diego, CA  as a unique opportunity to understand trends, network with leaders from the public and private sector






 
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