Brian Devine News

Global law firm Norton Rose Fulbright has advised Citigroup and other lenders of Danaos on a $2.2 billion restructuring of NYSE-listed Danaos Corp (DAC), one of the world’s largest independent owners of modern, large-size containerships.Norton Rose Fulbright’s Athens, London and New York offices advised Citigroup and certain other lenders (including China Exim Bank and Eurobank) on new money, take out and refinancing facilities, restructuring support agreements, debt for equity arrangements, debt trading, Chinese ECA aspects and complex shared security and other intercreditor agreements.The transaction, which completed out of court,…

Conference organizers have announced the speaker lineup for the 21st annual Hellenic-American and Norwegian-American Chambers of Commerce conference, often called the New York Shipping Conference. Entitled “The Life of a Ship”, the conference will feature luminaries including Steinar Nerbovik of Aker Philadelphia Shipyard, Ben Ognibene of Heidmar, Craig Stevenson Jr., Joseph Hughes of Shipowners Claims Bureau, Paal Johansen of DNV GL, and Angela Chao of Foremost Group . The event will be held on Wednesday, February 11 at the Waldorf-Astoria starting at 8:15 a.m. with conference registration and continental breakfast sponsored by DNB Bank ASA. The luncheon keynote speaker will be Sturla Henriksen, CEO of the Norwegian Shipowners’ Association, organizers said.

Examining areas of change and growth in shipping is the focus of the 20th annual Hellenic-American and Norwegian-American Chambers of Commerce conference, often called the New York Shipping Conference. Entitled “Today’s Vision- Tomorrow’s Reality”, the conference will present a Macro Shipping and Economic Overview, a look at Shipping 2020, the challenges of balancing safety, regulatory compliance and costs, the current outlook and sources of dry bulk demand and supply, sourcing ship finance, and the commercial impacts of decisions regarding trade routes, chartering and futures.

NYMAR (New York Maritime Inc.) board members will visit the Nor-Shipping expo to promote the New York Maritime cluster. Leading the delegation is NYMAR’s newly anointed Chairman, Clay Maitland of the Marshall Islands Ship Registry. Joining him are Brian Devine, newly of Norton Rose,  Seward & Kissel partner Larry Rutkowski, AMA Capital Partners’ Kevin O’Hara, Kathy Haines of Heidmar, and Nordea’s Martin Lunder. “Nor-Shipping is an ideal opportunity for NYMAR to broadcast the attractiveness of New York as a business center”, stated delegation leader Maitland.

Examining key industry drivers is the focus of the 17th annual Hellenic-American and Norwegian-American Chambers of Commerce annual conference, often called the New York Shipping Conference. Entitled “Challenges & Opportunities for the Shipping Industry: Is There a New Normal?” the conference will present the macro shipping and economic overview, the impact of increasing environmental regulation on the shipping market, the availability of capital and its many forms, the growing influence of China and India on Shipping, and shipowners’ points of view. The event will be held on Tuesday, February 8th at the Waldorf-Astoria (a new venue for this event) starting at 0815 with conference registration and coffee.