North America - United States • Transport

Holland & Knight LLP

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Holland & Knight LLP routinely acts for both US and foreign banks, as well as investors and shipping companies that are active in international shipping transactions. The group also represents non-traditional sources of ship financing, including governmental finance support entities, non-bank lenders, and underwriters in capital markets and private equity transactions. The team additionally acts for lenders and borrowers on Jones Act compliant domestic financings, and fields experts in US, Marshall Islands and Liberia-related tax issues. Other areas of strength are lender-side shipping group restructurings, workouts and Chapter 11 insolvencies. Recent highlights include assisting International Seaways with senior secured financings and marine integration activities (following its merger with Diamond S Shipping). Maritime finance practice head Jovi Tenev has extensive experience in representing banks and other financiers and companies in major shipping financings; and Richard Furey regularly represents vessel owners, lenders and charterers in a range of leasing and finance deals. Over in  Washington DC, Gerald Morrissey III advises on the financing of maritime-related companies and projects. All attorneys listed are based in the firm’s New York office unless otherwise mentioned.

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Key clients

  • International Seaways, Inc.
  • HPS Investment Partners LLC
  • The Mosaic Company
  • DNB Bank
  • Citigroup Global Markets Inc.
  • Southern Cross Group
  • PNC Bank, National Association
  • Mizuho Bank
  • Centerline Logistics Company
  • Valley National Bank
  • Overseas Shipholding Group, Inc.

Work highlights

  • Advised Overseas Shipholding Group on new bareboat charter agreements.
  • Represented International Seaways in various senior secured financings.
  • Served as special maritime finance counsel to HPS Investment Partners LLC, the lead arranger and lender on a $395.6m senior-secured term loan and $169.4m senior-secured delayed draw term loan (used to finance the acquisition of Seacor Holdings by American Industrial Partners.

Lawyers

Practice head

The lawyer(s) leading their teams.

Jovi Tenev