Team Tankers International has recently entered into an agreement to acquire each of Anglo-Atlantic Steamship Company and Laurin Shipping. Laurin Shipping is a leading medium range tanker operator with commercial and technical expertise, while Anglo-Atlantic Steamship Company is an owner and charterer of tanker vessels. In combination with associated ship purchases, the total estimated enterprise value of the transactions is approximately USD 206 million.
CLP has acted as lead legal adviser for Team Tankers in the transaction, and has coordinated law firms in several jurisdictions and assisted Team Tankers on Norwegian law matters. The transactions are expected to be completed in early April 2018. CLP’s core team on the matter consists of Andreas Kildal, Christian Vestheim, Joakim Gjerde, Ragnhild Steigberg and Anne Lise Ellingsen Gryte.
Further information may be found here.