Watson Farley & Williams (“WFW”) has advised Banca Popolare di Sondrio (“BPS”) on a US$ 10m ship finance loan granted to Malta’s Pimlico Shipping Limited (“Pimlico Shipping”), which is owned by Italian shipping company Fratelli Cosulich S.p.A. (“Fratelli Cosulich”). Notably, the loan cancels all the outstanding debt owed to BPR by Fratelli Cosulich’s subsidiary Vulcania …