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News from our Members and Partners

07 October 2019

WFW advises FDX Offshore

Watson Farley & Williams (“WFW”) advised maritime finance firm FDX Offshore (“FDX”) on its acquisition of Singapore’s tanker pool operator Womar Logistics (“Womar”) for an undisclosed amount.

The partnership intends to expand its chemical tanker pools as well as initiate and grow independent pools in other classes of ships.

FDX is led by Managing Partner Jake Scott and Partner Andy Tuchman who will both become Womar board members. Formed in 2013, FDX has been providing financial advice and capital sourcing to maritime and energy projects.

Incorporated in early 2009, Womar began as a 50/50 joint venture between Heidmar and other investors. In April 2014, BW Group acquired Heidmar’s 50% stake in Womar. They currently have 31 ships in their fleet.

The WFW New York Dispute Resolution team serving as maritime counsel to FDX on this transaction was led by Of Counsel Neil Quartaro, assisted by Associate Sabih Siddiqi.

Mr. Jake Scott, Managing Partner of FDX, said:

“We are extremely excited to have completed this transaction. It has been a pleasure working with Neil and his talented team at WFW and we look forward to working with them again in the future.”

Neil commented:

“We are delighted to have advised FDX on this strategically important transaction with Womar. We have proven once more that our team meets the needs of our clients in the maritime industry comprehensively and accurately. We look forward to continuing our relationship with FDX.”

 

About Watson Farley & Williams:

Watson Farley & Williams is an international law firm with offices in Athens, Bangkok, Dubai, Frankfurt, Hamburg, Hong Kong, London, Madrid, Milan, Munich, New York, Paris, Rome and Singapore. The firm currently has 500+ lawyers and over 900 staff. Watson Farley & Williams is a leading international law firm providing services of high quality and value to clients throughout a range of industry sectors, with particular focus on: Energy & Infrastructure, Maritime, Natural Resources, Real Estate and Transport. Lawyers from our international offices work as integrated teams to provide practical, commercially focused legal services. Our locations allow us sufficient geographical spread to be competitive in the global market and to provide consistently high quality legal services to our clients. w: www.wfw.com