New York-listed owner Danaos Corp has secured $450m of financing for eight new container ships being built in South Korea and China.

London-headquartered law firm Watson Farley & Williams (WFW) said it had advised the Greek owner on the deal with a syndicate of “four major shipping banks”.

Rival law firm Norton Rose Fulbright later said it had advised Citibank, BNP Paribas, KfW and Alpha Bank on the deal.