Deals

Stream advises the SOGESTRAN group on its acquisition of a stake in NEOLINE

03/02/2021

Shipping Law

As announced by SOGESTRAN and NEOLINE in February 2020, the Sogestran group, together with its subsidiary COMPAGNIE MARITIME NANTAISE – MN, will assist NEOLINE in the financing of its first vessels and the operational implementation of the pilot line.

NEOLINE’s shipowner model, based on energy performance with the use of wind energy as the main propulsion for its vessels, a reasoned commercial speed of 11 knots, trained and involved crews associated with advanced meteorological routing systems, aims for a 90% reduction in consumption and therefore in the associated polluting emissions. These ships will also be able to test a range of complementary technologies to move towards zero emissions in the medium term, an objective set by France in the 2017 climate plan for 2050.

This investment reflects the efforts made by the French shipping industry to reduce the ecological footprint of maritime transport, and Stream is once again supporting this maritime ecological drive.

Stream’s corporate team, Aymeric de Tapol (Partner), Ghislain de Mareuil (Counsel) and Audran de Carné, assisted SOGESTRAN in all aspects of this investment.

Aymeric de Tapol, partner at Stream: “We are pleased to once again accompany the SOGESTRAN group in its development projects, and all the more so in this project with NEOLINE, which has strong and innovative ecological ambitions, the founding themes of the Stream firm. »

https://kluwerlawonline.com/api/Product/CitationPDFURL?file=Journals\AILA\AILA2020010.pdf

Shipping Law

  • About the author

    Aymeric de Tapol

    Avocat au Barreau de Paris / Solicitor of England & Wales
    Partner

  • About the author

    Audran de Carné

    Avocat au Barreau de Paris
    Associate

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