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North America - United States • Transport

Vedder Price

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With ‘a wealth of knowledge in the area of ship finance’, Vedder Price’s global transportation finance practice has enviable credentials in finance transactions. Such deals involve intermodal containers, chassis, barges, terminal facilities, bridge training simulators, ferries, and offshore construction and oil exploration vessels, as well as vessels involved in the transportation of cargo and passengers. The group’s expertise covers a range of maritime and offshore finance deals, including securitizations, syndicated and bilateral loans, export-credit facilities, debt capital markets, sale-leaseback transactions, leases, and bareboat charters. Experienced in cross-border marine finance structures, John Bradley represents lenders, investors, borrowers, ship owners, container lessors and marine terminal operators in the acquisition, disposition, leasing, financing and documentation of vessels, containers and terminal facilities; and John Imhof Jr and John Geager ‘have a keen understanding of the maritime industry and maritime finance’. Also key to the department, Anthony Renzi in  Washington DC routinely acts for shipping, energy and offshore services sector clients, while Chicago’s Geoffrey Kass is the firm’s global transportation finance chair. The firm expanded its offering in January 2024 with the arrival of asset finance expert Hoyoon Nam from Seward & Kissel LLP. All attorneys named are based in the New York office unless otherwise stated.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘The Vedder Price team has a wealth of knowledge in the area of ship finance.’

  • ‘Vedder Price’s lawyers are really engaged with their matters.’

  • ‘Subject matter expertise and market knowledge that are top tier.’

  • ‘Exceptional responsiveness and timeliness.’

  • ‘Strong support in clients’ efforts to participate in the US wind industry.’

  • ‘Superior ability to combine legal advice with commercial understanding of clients’ business.’

  • ‘John Imhof Jr and John Geager have a keen understanding of the maritime industry and maritime finance, which is crucial to transactions involving vessels as collateral.’

Key clients

  • AMSC ASA
  • Bank of America Securities LLC
  • First Citizens Bank & Trust Company
  • Hafnia Limited
  • HSBC Bank USA, National Association
  • Maritime Partners, LLC
  • OceanPact Serviços Maritímos S.A.
  • OIM Ltd.
  • Red Box Energy Services PTE LTD
  • Stonebriar Commercial Finance, LLC

Work highlights

  • Advised Maritime Partners, LLC, as sponsor in MP 2023-1, a term securitization transaction involving the issuance of $235.3m of vessel notes (secured by a portfolio of 316 marine barges and towboats).
  • Advised HSBC Bank USA, National Association, as first-lien lender and second-lien collateral agent and security trustee, on Marshall Islands and US general maritime law, in connection with the private placement by Diamond Offshore Drilling affiliates of $550m of 8.500% senior secured second-lien notes and the amendment of a first-lien revolving credit facility.
  • Advised Hafnia on US securities law, in connection with its admission to trading on the US’ OTCQX market.

Lawyers

Leading associates

Rising stars with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.

Leading partners

The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Practice head

The lawyer(s) leading their teams.

Geoffrey Kass

Other key lawyers

John Bradley, John Imhof Jr, John Geager, Anthony Renzi, Hoyoon Nam