Law firm Stephenson Harwood LLP has advised a leading financial leasing company, based in Shanghai, on the US$88 million refinancing of four interline-coated tankers, which are chartered to subsidiaries of Navig8 Chemical Tankers.

The client provides financial leasing services in both fields of aviation and shipping. The four tankers all fly under the Marshall Islands flag and are contracted to operate under long-term pool arrangements.

The Stephenson Harwood team was led by of counsel Simone Liu, with support from legal manager Zoe Zhu.