First Certified Sustainable Shipping Loan
Issuer Anthony Veder Group, sole arranger ABN AMRO and sole investor Delta Lloyd Asset Management announcd today that the Anthony Veder €66 million euro private placement concluded in the fourth quarter of 2015 has been confirmed as the first sustainable shipping loan. The loan is fully certified according to the Clean Shipping Index Guidelines by Bureau Veritas, which also verified the sustainable credentials of this transaction. This is a landmark transaction in the global shipping industry which to date, has not joined the ranks of verified sustainable financing. The transaction was solely arranged by ABN AMRO on behalf of Anthony Veder Group as a European Private Placement to finance the building of the 18…
Canal Marine, Techsol Marine Enter Partnership
Canal Marine and Techsol Marine announced a partnership agreement that will combine the companies' expertise for providing marine system design and fabrication, including switchboards, motor and generator controllers, AC/DC drive and winch controllers, alarm and monitoring systems, navigation and radar equipment, along with circuit breaker testing, repairs and certification. According to the companies, the combined services include the safe, cost-effective and high quality 24/7 maintenance, trouble-shooting and repair services of instrumentation, communication, power generation and propulsion control systems to government and commercial marine transportation clients operating anywhere between the Lakehead and Sept-Îles. canal.ca techsolmarine.com
V.Ships Signs with Spill Center for Global Vessel Spill Support
Spill Center, a North American leader in environmental claims management and emergency response support for transportation clients at risk for releases of hazardous materials, has expanded its program to include global cargo-carrying vessels, according to Tom Moses, president and founder of the company. V.Ships, a ship management company with a network of 18 offices worldwide, provides shipowners with a range of management and support services for oil tankers, chemical tankers, gas carriers and dry bulk cargo vessels. V.Ships offers environmental support services to ship owners through Spill Center. Services include immediate response management services…
Ship Finance Lawyer Joins Fulbright
A finance lawyer with a focus in the transportation industry, Brian P. Devine, joins the New York office of Fulbright & Jaworski L.L.P as partner. “Brian’s experience in shipping will increase the capabilities of our maritime practice,” said Thomas W. Hughes, the Chair of Fulbright’s Business Group. Devine advises clients nationally and internationally in finance and security arrangements; insolvency matters; mergers, acquisitions and divestitures; debt and equity offerings; sale and purchase; commercial transactions and disputes; and corporate governance and structure.
