Vedder Price

Vedder Price Advises Hafnia Limited in NYSE Secondary Listing

Vedder Price is pleased to announce it acted as U.S legal counsel to Hafnia Limited in connection with its successful secondary listing on the New York Stock Exchange (NYSE). With a market capitalization of approximately $4 billion, Hafnia Limited has been listed on the Oslo Stock Exchange since April 2020.

“It was a privilege supporting the industry leaders at Hafnia Limited to help the Company achieve its secondary listing on the NYSE,” said Vedder Price Shareholder Anthony Renzi. “This momentous occasion, accentuated by CEO Mikael Skov ringing the opening bell at the Exchange on April 9th , certainly marks a significant milestone in Hafnia’s unmatched international growth, and the expansion of its investor base.”

This secondary listing on the NYSE  achieves a number of strategic objectives including: (i) broadening Hafnia’s investor base; (ii) enhancing the Company’s access to international capital markets (iii) providing new investors with increased access to Hafnia’s commercial performance and proven track record of shareholder returns and (iv) generating increased value for its shareholders through additional trading liquidity.

Hafnia is one of the world's leading tanker owners, transporting oil, oil products and chemicals for major national and international oil companies, chemical companies, as well as trading and utility companies.

As owners and operators of over 200 vessels, Hafnia offers a fully integrated shipping platform, including technical management, commercial and chartering services, pool management, and a large-scale bunker desk. The Company has offices in Singapore, Copenhagen, Houston, and Dubai and currently employs over 4,000 employees onshore and at sea.

In addition to lead counsel Anthony Renzi, the Vedder Price legal team included Shareholder John Blatchford and Associates Juliette Todd and Sam Esclavon.

Also representing Hafnia in this transaction were Advokatfirmaet Thommessen AS, Norwegian Counsel, Conyers Dill & Pearman Limited, Bermuda counsel and Gorrissen Federspiel.