Northern Shipping Fund Management LLC was a leading alternative capital provider to the shipping and offshore oil service industries founded by Sean Durkin and Sybren Hoekstra in 2008. On May 12, 2022, Hudson Structured Capital Management Ltd., a manager of reinsurance, insurtech and transport assets, announced it had expanded its transportation alternative investment platform by acquiring the key business assets of Northern Shipping Fund Management LLC , a leading alternative capital provider to the shipping industry. The combined platform will manage shipping and transport investments across the capital structure.