The vessels will be bareboat chartered upon delivery to Seaspan Corporation, a NYSE-listed container management company, and then sub-chartered to a leading global container shipping company.
Mei “acts on some of the most multi-layered, complex and high value transactions in the market, as evidenced by her solid ranking across various Asian jurisdictions”.
The vessels will be bareboat chartered upon delivery to Seaspan Corporation, a NYSE-listed container management company, and then sub-chartered to a leading global container shipping company.
The current management team will stay with the business, which writes circa £30m gross written premium (“GWP”) annually.
The ships of over 200,000 gross tons each are due to deliver in 2022 and 2024 respectively.
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Other companies in its portfolio include Belgian-headquartered textile specialist BekaertDeslee and CWS-boco who provide hygiene products and laundry services.
Naples-headquartered L.G.R. di Navigazione provides a comprehensive range of professional services to the international sea transportation industry, operating a fleet currently comprising four vessels.
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A recent Singapore case provides a useful reminder that when distributing the proceeds from a judicial sale, the order of priorities is not set in stone.
