Ince & Co advises on formation of Epic Pantheon International Gas Shipping Ltd
Ince & Co has advised on the formation of Epic Pantheon International Gas Shipping Ltd.
Ince & Co has advised the Epic Shipping Group, a Singapore-based LPG ship owner and operator, on its merger with Pantheon Inc, a Greece-based LPG shipping operator, to form Epic Pantheon International Gas Shipping Ltd (E-P Gas).
Ince also advised the key shareholders/investors in the Epic Shipping Group on their investment into the new E-P Gas.
Ince & Co’s London-based corporate partners Stephen Jarvis and Tanya Nash led the team that advised on the multi-jurisdictional transaction involving advisors and parties in Greece, the BVI, Marshall Islands, Singapore, the UK and the US.
The transaction involved a group reorganisation, multi-layered joint venture arrangements, corporate sales and the simultaneous refinancing of the entire group.
Substantial new equity financing was provided by Jefferies Capital Partners, Shipping and Intermodal Investment Management (the shipping fund of DVB Bank), Chris Buttery and other backers of the Epic Shipping Group and the backers of the Pantheon group.
News from Ince & Co
News from The Lawyer
Briefings from Ince & Co
The Astra: single hire default entitles owners to withdraw and claim loss of profit for remaining charter period
A Commercial Court judge has decided that a failure to pay hire under an NYPE charterparty amounts to a breach of condition, entitling a ship-owner to terminate and seek damages.
Time charterer Cargill withheld hire from disponent owners NYK pursuant to a period off-hire clause in a time trip charter on amended NYPE terms.
Analysis from The Lawyer
Professional indemnity cases keep hitting the court lists as settlement values continue to rise