Hogan Lovells advises on petroleum product tanker financing and acquisition
Hogan Lovells has advised the Arab Petroleum Investments Corporation (APICORP) and Tufton Oceanic in relation to the financing for and acquisition of five medium-range petroleum product tankers for the $150m APICORP Petroleum Shipping Fund.
The Shariah-compliant fund, established by APICORP and co-managed by Tufton Oceanic, is the first fund in the Middle East aimed at a specific vessel category. The tankers will be employed in the regional and international tanker market for five years to help meet the projected upsurge in demand for petroleum product carriers.
The financing for the tankers was provided by Standard Chartered Bank, SMBC, Riyad Bank and Natixis.
The Hogan Lovells team comprised lead partner Robin Hallam, Rustum Shah, partner in the Dubai office, and Shalini Bhuchar, of counsel in London.
News from Hogan Lovells
News from The Lawyer
Briefings from Hogan Lovells
The decision of the US Court of Appeals has raised questions about how issuers should present their disclosures on conflict minerals under Exchange Act Rule 13p-1 and Form SD.
An interesting judgment was delivered by the Honourable J Majiki on 19 November 2013 in the Eastern Cape High Court, Port Elizabeth.
Analysis from The Lawyer
As international firms question their future in these small, closely linked markets, local lawyers too are eyeing the business environment with caution
Beyond the headline infrastructure projects, UK construction work is still recovering from the clobbering it took during the slump