Acting for shipyards, owners, operators, cargo interests, lenders and investors, Blank Rome LLP‘s ship finance practice works across the firm’s DC, New York and Houston offices. The team is consistently sought out to advise on secured ship financing and vessel leasing deals, and has enviable expertise in the Jones Act (which regulates US maritime transportation). Other key areas include M&A-related maritime law advice, ship financing for vessels registered under the laws of Liberia and the Marshall Islands, and maritime restructuring and bankruptcy matters. The group also regularly acts on Title XI financings, which involve government guarantees of debt instruments (issued by shipowners or shipyards for the construction or modification of vessels or shipyards). With longstanding experience in domestic and international maritime financings, Anthony Salgado routinely negotiates and structures maritime deals, such as vessel-secured financings, vessel lease financings and maritime restructurings. Houston-based Douglas Shoemaker is also a maritime transactions specialist, while Natalie Radabaugh focuses on maritime transactions, corporate governance and ship finance. All practitioners listed are based in the firm’s DC office unless otherwise mentioned.
Key clients
- AMSC ASA (f/k/a American Shipping Company ASA)
- Blackstone Group
- BHE GT&S, LLC
- Dominion Energy
- Harvey Gulf International Marine
- J.F. Lehman & Company
- JPMorgan Chase Bank
- Philly Shipyard
- PNC Bank, National Association
- Signature Bank
- Swire Shipping Pte. Ltd.
Work highlights
- Assisted Philly Shipyard with the negotiation of a vessel construction agreement with Great Lakes Dredge & Dock Corporation.
- Acted as maritime counsel to Dominion Energy, in connection with the $550m financing for the construction of a wind turbine installation vessel in the US.
- Represented an affiliate of Swire Shipping Pte in its acquisition of Westwood Shipping Lines (and four gantry vessels) from affiliates of Sumitomo Warehouse Co.
Lawyers
Practice head
The lawyer(s) leading their teams.
Jeanne Grasso, Keith Letourneau, Thomas Belknap