WFW Advises on Race Bank Wind Farm Deal
Watson Farley & Williams (WFW), an international law firm based in London, said that it has advised Race Bank Wind Farm Limited on its USD 608 million sale of transmission system assets relating to the 573 MW Race Bank offshore wind farm to Diamond Transmission Partners.Race Bank is a joint venture owned by Ørsted (50%), Macquarie European Infrastructure Fund 5 (25%), a fund established by Sumitomo Corporation, Sumitomo Mitsui Banking Corporation and Development Bank of Japan (12.5%), and Arjun Infrastructure Partners and Gravis Capital Management (12.5%).Diamond Transmission Partners is a 50/50 partnership between Diamond Transmission…
WFW Advises NYK on LNG Carrier Charter
Watson Farley Williams (WFW) advised NYK Nippon Yusen Kabushiki Kaisha (NYK) on the execution on 26 January 2018 of its long-term charter contract with EDF LNG Shipping, a subsidiary of the electricity major, Electricité de France (EDF). The contract is for the chartering of a newly built liquefied natural gas (LNG) carrier for seven years, with optional extension periods for up to thirteen additional years. WFW also worked closely with the commercial and in-house legal teams at NYK, Hyundai Samho Heavy Industries and EDF on the construction arrangements for the vessel for the project. The LNG carrier will be built by Hyundai Samho Heavy Industries in Korea and is due for delivery in 2020.
UK Container Terminal Berth Works Contract Awarded
Contractor VolkerStevin appoints Mott MacDonald design engineer for deepening, renovation, of two berths in Southampton's Western Docks. Together with other port upgrades, the work for Associated British Ports will increase the terminal’s container throughput capacity by enabling future generation container vessels to access the port at all states of tide. Berths 201 and 202 were originally constructed in 1968 and 1973 respectively as the UK’s first dedicated container berths.
