WFW Advises MPC Container Ships Major Scrubber Acquisition Order
London-based international law firm Watson Farley & Williams advised MPC Container Ships ASA (MPCC) on its acquisition of exhaust gas cleaning systems, also known as scrubbers, to be retrofitted on selected vessels in its fleet prior to 1 January 2020 when the IMO’s new 2020 rules come into force.A press release said that the deal, which will be financed with cash and available debt capacity on MPCC’s fleet, includes ten firm orders and options to purchase scrubber kits for 45 other vessels and allows for further installations in both 2019 and early 2020.WFW also advised MPCC on the planned conclusion of certain charter parties in the light of the retrofit of its fleet…
Anglo-Eastern Celebrates 40th Anniversary
On September 4th, Anglo-Eastern celebrate it’s 40th Anniversary, in Hong Kong, concluding with an evening of fun, at the Hong Kong Maritime Museum. Among a host of VIPs, both local and international, Mr. & Mrs. Evert Maréchal, The Consul General of Belgium, along with the Consul General of Japan, Mr Hitoshi Noda and the Consul General of India, Mr. Ravi Sinha & Mr Prashant Agrawal together with the Director of the HK Marine Department, Mr Michael W.L. Wong, JP were welcome by Group CEO, Mr Peter Cremers and the Board of Directors of Anglo-Eastern. Benoit Timmermans Managing Director Bocimar Belgium N.V. Andre Goedee CEO Dockwise Shipping B.V.
Diamond S Shipping Completes 30-Tanker Acquisition
Diamond S Shipping announced today that it has completed the acquisition of 30 medium-range product tankers and related charters from Cido Shipping of Hong Kong. The product tankers, built between 2007 and 2010, are under long-term charters with a number of global shipping companies, including A.P. Moeller, d'Amico, Hyundai Merchant Marine, Overseas Shipholding Group and ST Shipping. The tankers are being added to Diamond S' fleet of ten new buildings now under construction, with the first delivery scheduled for January 2012. A group of institutional investors led by WL Ross & Co. and First Reserve Corporation, and including China Investment Corporation…
Repair Report: GMD Performs Evergreen Repair
This past November, the GMD Group performed emergency repairs to Evergreen's 46,411-gt containership M/V Ever Goods, when its rudder failed in one of the busiest shipping lanes in the world — midway between New York and New Jersey, underneath the Verrazano-Narrows Bridge. Rather than pay anywhere between five and six million dollars to tow the broken vessel to its homeport in Japan, the owners opted to call on GMD's Bayonne Drydock & Repair, which was conveniently located just a few miles from the bridge. Originally the plan called for the fabrication of a new rudder stock, but when GMD located a never-before used tailshaft with ABS certification papers in San Francisco, Calif. those plans were quick to change.
