Joint Venture – Hudson Structured Capital Management Ltd.’s Joint Venture with Pangaea Logistic Solutions Ltd and Sale and Leaseback Financing for Four Newbuilding Vessels

Seward & Kissel represented Hudson Structured Capital Management Ltd. in connection with a joint venture with Pangaea Logistics Solutions Ltd, a NASDAQ listed global provider of comprehensive maritime solutions, to acquire, own and operate four newbuilding bulk carriers. S&K represented Hudson in connection with the formation of the joint venture, a secured pre-delivery term loan facility, a sale and leaseback transaction with CSSC Shipping Company Limited, a leading ship leasing company listed on the Hong Kong Exchange, and a sub-bareboat charter.