Simpson Thacher is representing KKR Asset Management in connection with its joint venture with the principals of Borealis Maritime, a UK-based manager of oceangoing tanker and other shipping vessels.

The joint venture will focus on opportunities in the secondhand vessel market.

The Simpson Thacher team includes Ed Chung, Gary Horowitz and John Kupiec (M&A) and Katharine Moir and Jason Vollbracht (Tax).