Law firm acts for joint venture gas carrier set up

Norton Rose recently acted as advisor to Sungas Holdings, the chemical tanker group.
The legal firm gave advice in the creation of a joint venture gas carrier business between Sungas Holdings and Oslo listed Stolt-Nielsen.
The deal is the latest major sign of an increase in joint ventures in the shipping market. The annual Norton Rose Group Way Ahead for Transport survey revealed in November that 60% of organisations in the shipping sector are looking at joint ventures in the next 12 months - a rise from just 25% in 2009.
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Source:Tanker Operator