Watson Farley & Williams (“WFW”) advised Attica Holdings S.A. (“Attica”) on the negotiation of bareboat charter documentation with Stena International S.A. (“Stena”) for two E-Flexer vessels being built by Stena at the China Merchants Jinling Shipyard (Weihai) Co., Ltd with a purchase option. Delivery scheduled for April 2027 and August 2027.
The two new vessels with an overall length of 240m, are the largest RoPax vessels ever ordered by a Greek shipping company. With passenger capacity of 1,500 pax and 3,320 lane meters cargo decks (approximately 200 freight units) each for the transportation of private vehicles, trucks and trailers, they significantly enhance Attica’s fleet capacity.
This agreement acts as a landmark in the Greek ferry industry as the new vessels are methanol ready and carry a battery notation, with engines designed to operate with three different fuel types for future flexibility and state-of-the-art technology to optimise fuel consumption. This will reduce Attica’s overall environmental footprint through fleet renewal by cutting GH emissions per transport work by 60% compared to existing vessels.
Attica is a leading ferry services operator for passengers and cargo in across Eastern Mediterranean. Serving 60+ destinations and connecting 67 ports in Greece and in recent years has expanded also in the hospitality sector.
Stena is a leading provider of roll on/roll off cargo and passenger services through RoRo and RoPax vessels and associated services. They are highly skilled and experienced in designing and converting vessels tailored precisely to their clients’ needs.
The WFW Athens Assets & Structured Finance team that advised Attica was led by Partner Christina Economides supported by Senior Associate Haris Kazantzis.
Christina commented: “We are very happy to have assisted Attica on this landmark project. The successful completion of this transaction for Attica sets new standards for the Greek ferry industry”.
