Jan Rossi and Ilias Theocharis, Associates within the firm’s Shipping team, recently assisted alternative investment managers, EnTrust Global, in a $150 million sale-and-leaseback deal for the 13,100-teu containerships HYUNDAI RESPECT and HYUNDAI HONOUR with US listed Danaos Corp.

Under the terms of the re-financing provided by En Trust, Danaos will continue to operate the 2012 built vessels which are presently chartered to Hyundai Merchant Marine.

The flexibility and advantages offered by Maltese law to both lessors and lessees in sale and leaseback transactions are placing Malta as the jurisdiction of choice in the area.