AKD is proud to announce its contribution to the recent acquisition by the Netherlands-based ForestWave from the Netherlands/Singapore-based Symphony.
ForestWave acquired from Symphony Shipping a fleet of 8 Ecobox vessels of which one is currently under construction. With this transaction ForestWave now owns a fleet of 24 vessels.
AKD’s Finance & Structuring team assisted ABN AMRO, NIBC and Nesec Shipping Debt Fund in connection with the refinancing of 7 vessels in the existing fleet of ForestWave and the acquisition by ForestWave. For this deal, the team consisted of Renate Punt-Huizer and Romy Mattens with assistance by Hayat El Idrioui – El Hammouti and Daisy den Boer. Renate recently jointed AKD as partner and is highly experienced in Ship Financing.
Symphony’s sale of its fleet to ForestWave was handled by AKD’s Transport & Trade team, consisting of Lotte Schat and Charlotte Toorenman. The team specialises in assisting and advising parties on vessel and yacht transactions and disputes.
AKD congratulates all parties involved.