Law firm Stephenson Harwood LLP has advised long-standing client GATX Corporation on the new management of its five gas carrier vessels by Anthony Veder, and their entry into the Anthony Veder gas pool. The ownership of the vessels remains with GATX.  These vessels exited the Norgas pool earlier in the year, in a matter on which the Stephenson Harwood team also advised.

GATX Corporation (NYSE:GATX) strives to be recognised as the finest railcar leasing company in the world by its customers, its shareholders, its employees and the communities where it operates. As the leading global railcar lessor, GATX has been providing quality railcars and services to its customers for 120 years. GATX has been headquartered in Chicago, Illinois, since its founding in 1898.

Anthony Veder is involved in all segments of gas shipping, from LNG to LPG, and ethylene to CO2. Established in 1937, it now operates a fleet of 38 gas tankers, of which eight vessels use LNG as a fuel. 

“The completion of this deal is the culmination of two years’ hard work,” said Dora Mace-Kokota, partner, Stephenson Harwood. “By drawing on expertise from across our maritime teams – including ship finance as well as marine and international trade – we were able to offer comprehensive advice and genuine insight into the range of commercial considerations relevant to this transaction.”

The Stephenson Harwood team was led by ship finance partner Dora Mace-Kokota, with marine and international trade partner Cristan Evans and ship finance partner Neil Noble also advising. The team was assisted by ship finance associate Isobel Reed.

Stephenson Harwood is recognised as having one of the world’s leading shipping practices. With offices in key trading hubs, the team offers comprehensive, specialist shipping advice, and has a reputation for its strong commercial focus. With experts covering disciplines including finance, insurance, litigation and arbitration, corporate and tax, the team is able to support clients on the full spectrum of marine-related matters.