Breakwater and Hayfin acquires two AHTS vessels from E.R. Offshore

Breakwater and Hayfin acquires two AHTS vessels from E.R. Offshore

Breakwater Capital and Hayfin Capital Management has announced the acquisition of two AHTS vessels from E.R. Offshore.

The latest acquisition has increased their AHTS fleet to 13 ships following the two companies provided a long-term investment to recapitalise 11 vessels in partnership with the Hartmann Group.

The two 2010-built ships, E.R. Luisa and E.R. Vittoria, will be renamed GH Atlantis and GH Endurance respectively.

As part of the ship management arrangements agreed at the time of the original recapitalisation in October 2017, Breakwater and Hayfin will hand the two vessels to Hartmann Offshore to oversee their technical management and to United Offshore Support to run the commercial side.

“These vessels fit into the total fleet perfectly. They are young, technically at the leading edge and they match our strategy of providing highest quality and safety standards,” said Bernhard Wichers, managing director of Hartmann Offshore.

“The investment from Breakwater Capital and Hayfin Capital Management secured the future of the fleet for the long-term. With the trust put in us by the owners, we can now offer our customers a large, versatile fleet and at the same time strengthen our position in the market. It is more than encouraging that only a few months after the beginning of the partnership – and in a still challenging market environment – the fleet is set on a growth track,” commented Andre Groeneveld, managing director of UOS.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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