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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


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


$7 Billion Makeover for Great Lakes-St. Lawrence Shipping

A typical bulker plies the St. Lawrence Seaway (image: Chambr of Marine commerce)

A new study released today reveals that $7 billion is being spent on asset renewal and infrastructure improvements in the bi-national Great Lakes-St. Lawrence shipping system.   The investment survey, compiled by maritime trade consultants, Martin Associates, tallies US$ 6.9 billion in capital spending on ships, ports and terminals and waterway infrastructure in the Great Lakes and St. Lawrence waterway. Of that total, $4


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


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

FOSS_link_logo_V_rgb.jpg

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


EPA Proposes Ban on Sewage Dumping in St. Lawrence River

 The U.S. Environmental Protection Agency (EPA) has determined that a “no discharge zone” can be established for the New York State portion of the St. Lawrence River. The New York State Department of Environmental Conservation petitioned the EPA to prohibit boats from discharging sewage into the river by establishing a “no discharge zone” for the area. The EPA has reviewed the state petition and found that there are adequate facilities around the St


Rep. Joyce Named Great Lakes Legislator of the Year

Rep. Joyce (fifth from left), accepts his award from Great Lakes Maritime Task Force.  Joining him (l-r): Tom Curelli, Fraser Shipyards; Aaron Bensinger, Central Marine Logistics; Brenda Otterson, American Maritime Officers; Andrew Strosahl, Transportation Institute; Mark Barker, The Interlake Steamship Company; Thomas Rayburn, Lake Carriers’ Association; Steve Fisher, American Great Lakes Port Association; and Jeffrey Freeman, Fincantieri Marine Group. (Photo: LCA)

Ohio Congressman David Joyce (R) has been named a 2016 Great Lakes Legislator of the Year by the largest labor/management coalition representing shipping on America’s Fourth Sea Coast. Great Lakes Maritime Task Force (GLMTF) annually presents the award to legislators who have promoted


ABB Breathes New Life into Canadian Icebreaker

Pierre Radisson (Photo: Canadian Coast Guard)

ABB modernization to extend service of 38-year-old Canadian Coast Guard Icebreaker; upgrade includes improved connectivity and eight new drives   ABB will modernize a Canadian Coast Guard icebreaker, installing the latest hardware and software onboard the 38 year old Pierre Radisson


First Ocean Ship of 2016 Docks into Indiana Port

Indiana Port Courtesy Port of Indiana

The Port of Indiana-Burns Harbor opened the 2016 international shipping season today with the arrival of the M.V. Lubie , a 623-foot bulk carrier from Europe. To commemorate the first ocean vessel of the year, the captain was presented with the Port of Indiana 'Steel Stein.'  


New Shipping Firm Sets up in Vancouver

A new shipping company has established itself in Vancouver as the Vancouver International Maritime Centre (VIMC) completes its Asia tour, launching in Tokyo, Singapore and Hong Kong.   Greystoke Marine Management Ltd. is the latest company to choose Vancouver for its base of operations


Near-Record Volume for Burns Harbor Port

Port Of Indiana-Burns Harbor Courtesy Port of Indiana

The Port of Indiana-Burns Harbor handled 2.8 million tons of cargo in 2015, the second highest tonnage in over two decades. Following 2014's all-time record volume, the year marked only the third time the port handled 2.8 million tons or more in the port's 45-year history.  


All Ships’ Ballast Water Checked in Great Lakes Seaway

Great Lakes Seaway Ballast Water Working Group releases 2015 ballast water management report    The Great Lakes Ballast Water Working Group (BWWG) released its 2015 Summary of Great Lakes Seaway Ballast Water Management activities Thursday.  


El Faro Captain's Pleas for Help Played at Hearing

(Photo: NTSB)

The captain of the doomed El Faro warned that the "clock was ticking" as his cargo ship took on water in an Atlantic hurricane that would eventually sink the vessel, a U.S. Coast Guard panel heard on Saturday. Captain Michael Davidson pleaded for help as his ship


Blazing a Path through Canada’s Icy Waters

The Valencia Express (2,298 TEU) on its way to Quebec. (Photo: Pascal Rheaume)

The Canadian city of Montreal numbers among North America’s most important hubs for maritime cargo. Hapag-Lloyd’s ships help keep the waterways ice-free in winter.   Vessels sailing through the Gulf of Saint Lawrence and along the Saint Lawrence River can get deep into the North


St. Lawrence Seaway Opening Ceremony March 21st

Shipping Season to Open Two Weeks Earlier — And Ice Free. Terence Bowles, CEO of The St. Lawrence Seaway Management Corporation, will kick off the St. Lawrence Seaway’s 58th navigation season with his outlook for the year at an Official Opening Ceremony in St


Duluth-Superior Shipping Season Underway

Edwin H. Gott arriving in Port of Duluth-Superior early last year (Photo: Paul Scinocca)

The first two U.S.-flag lakers are on schedule to depart the Port of Duluth-Superior Tuesday, March 22, signaling the start of the 2016 commercial shipping season at this, the farthest inland port on the Great Lakes St. Lawrence Seaway (GLSLS) system.   


Seaway Opens 58th Navigation Season

Seaways Photo SLSMC

The St. Lawrence Seaway Management Corporation (SLSMC) marked the opening of the Seaway’s 58th navigation season today, with the transit of Canada Steamship Lines’ Thunder Bay through Lock 3 on the Welland Canal. The ship, carrying a load of road salt


Seaway Opens 58th Navigation Season Ice Free

Photo courtesy of SLSMC

The St. Lawrence Seaway Management Corporation (SLSMC) marked the opening of the Seaway’s 58th navigation season, with the transit of Canada Steamship Lines’ Thunder Bay through Lock 3 on the Welland Canal. The ship, carrying a load of road salt


Soo Locks Open for 2016

Aerial view of the Soo Locks Photo Wikipedia

At 12:01 a.m. today, the U.S. Army Corps of Engineers officially opened the Soo Locks for the start of the 2016 shipping season. The locks at Sault Ste. Marie, Michigan are among 16 locks that form the Great Lakes St. Lawrence Seaway navigation system which extends from Duluth


Highest Officer in US Navy Bribe Scheme Sentenced to 46 Months

A federal judge in San Diego on Friday sentenced a U.S. Navy captain caught in a $30 million bribery scandal to 46 months in prison, bringing to a close the case against the highest-ranking officer in the fraud scheme.   Captain Daniel Dusek, 49


Alabama Shipyard to Repair MSC Tanker

MV Lawrence H. Gianella (U.S. Navy photo)

 World Marine of Alabama (WMA), a division of World Marine, LLC, competitively bid and won a contract to dry-dock and repair the USNS Lawrence H. Gianella (T-AOT-1125), a Military Sealift Command (MSC) tanker operated by Ocean Shipholdings, Inc.   






 
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