Familiar name appointed to oversee Hansa Heavy Lift insolvency

Familiar name appointed to oversee Hansa Heavy Lift insolvency

Hamburg District Court has appointed the experienced local restructuring expert, lawyer and tax consultant Dr Christoph Morgen as preliminary insolvency administrator to take care of Hansa Heavy Lift. Morgen is a specialist insolvency solicitor and partner in the law firm Brinkmann & Partner. He is well known in local shipping circles, having recently served as chief insolvency officer at Rickmers Holding.

Hansa Heavy, the successor to Beluga Shipping, filed for insolvency on Monday. Backed by US private equity firm Oaktree, Hansa Heavy’s demise had been on the cards for months. One of its five ships was arrested in France recently.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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