Browse related articles

« Previous article Next article »

LATEST:

Trowers and Hamlins advises Waha Maritime on purchase of two oil sector service vessels

United Arab Emirates: Tuesday, August 11 - 2009 at 09:31
PRESS RELEASE

City law firm Trowers & Hamlins LLP has advised Waha Maritime, the maritime subsidiary of the diversified holding company Waha Capital, on the purchase and delivery of two Anchor Handling Tug (AHT) vessels.

Article continues below ▼

Trowers and Hamlins advises NPC of Jordan on major concession agreement for exploration and development of its gas resources
Trowers and Hamlins advise on the $110m acquisition of Qatar Shipping subsidiary
Gulf conventional bonds issuances leap ahead of sukuk issuance for first time
Trowers and Hamlins advises Middle Eastern bank on innovative new investment in UK student accommodation market
Trowers and Hamlins advises Islamic investment bank on investment in Bahraini retail construction project
Trowers and Hamlins advises Waha Capital on $270m aircraft leasing joint venture with AerCap
Risk of prison for company officials in the UAE as more companies trading whilst bankrupt
Trowers and Hamlins advises on $1bn Bahrain Health Oasis
Dramatic recovery in Islamic bond prices shows confidence in Gulf is improving fast

» more Trowers & Hamlins news

Trowers & Hamlins says that the two vessels are designed to tow the anchors for oil rigs. The first, Waha I, is a 48 meter long vessel with two Caterpillar engines of up to 5,150 brake horsepower (BHP). The second, Waha II, is a 38 meter, twin screw powered vessel with a 5,000 BHP Niigata engine.

Roger Clarke, Partner, Trowers & Hamlins, comments:

"Trowers & Hamlins has a long-standing association with Waha Capital and we're delighted that we've assisted them with their diversification into shipping through Waha Maritime. The transaction was governed by English law and was particularly interesting because of its international aspect - we worked with an Abu Dhabi-based buyer and Malaysian sellers in a deal that was completed in Singapore."

Waha Capital is a leading Abu Dhabi-based and Abu Dhabi Securities Exchange (ADX)-listed, diversified, investments holding company. Its current business portfolio includes big-ticket leasing, financial services, maritime and property development. Waha Capital's main institutional shareholders are Mubadala Development Company and Abu Dhabi Investment Company.

The Trowers & Hamlins team was lead by partner Roger Clarke, who has advised Waha Capital for several years and worked with them on a significant number of acquisition, sales and leasing transactions.

Also consider reading:

» Surplus on global gas markets may reach 15%

» ABB secures $21m deal for UAE oil pipeline project

» New Chief Executive Officer appointed for Siemens...

» Iran, Venezuela tie up to build refinery in Syria

» Millennium Energy Industries receives US Government...

ADD ARTICLE TO
Digg
Facebook
LinkedIn
Twitter

Browse related articles

« Previous article Next article »

Today's most read articles:

Related site: http://www.trowers.com

Notes and media contacts

Trowers & Hamlins is an international and City law firm with 118 partners and over 600 staff. They have three offices across the UK and five offices in the Middle East (Abu Dhabi, Bahrain, Dubai, Cairo and Oman) as well as co-operation agreements with firms in Saudi Arabia and Syria.

Vault.com, the world-leading employer information resource, ranks Trowers & Hamlins number one among UK law firms on its Quality of Life index based on marks awarded by employees.

Trowers & Hamlins is a limited liability partnership.

Press enquiries:

Roger Clarke
Partner
Trowers & Hamlins
Tel: 020 7423 8000

Louis Auty or Nick Mattison
Mattison Public Relations
Tel: 020 7645 3636

Posted by Rima Ali Al Mashni
Tuesday, August 11 - 2009 at 09:31 UAE local time (GMT+4)

Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.

Disclaimer:

Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com

Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.

For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions

Trowers and Hamlins advises Waha Maritime on purchase of two oil sector service vessels

City law firm Trowers & Hamlins LLP has advised Waha Maritime, the maritime subsidiary of the diversified holding company Waha Capital, on the purchase and delivery of two Anchor Handling Tug (AHT) vessels.

Related stories

Also consider reading:

Notes and media contacts

Disclaimer:

Welcome Mac user!

News Releases

Special Reports »

Events Coverage »

Industry News

Video

Audio

Financial Markets

Country News

News and Comment

Business Services »

Country Guides »

Newsletter »

AMEinfo.com Jobs »

Human Resource Officer

IT Executive - ERP

Market Risk Manager

White Papers Library »

Businesses for Sale »

News Alerts »

Business Directory »

Current Events Directory »

News »

Mobile

Follow AMEinfo.com