Hansa Heavy Lift, Beluga successor, goes belly up

Hansa Heavy Lift, Beluga successor, goes belly up

Hansa Heavy Lift, the Hamburg-based successor to Beluga Shipping, is insolvent according to multiple sources in Germany and the UK.

Hansa Heavy, whose main shareholder is American private equity firm Oaktree, has been under financial pressure for a number of years. Its ship, HHL Elbe, was arrested recently in Rouen, France over unpaid bunker bills.

The company was founded in 2011 from the ashes of Beluga Shipping, one of the most high profile bankruptcies seen in the heavylift sector.

Germany’s chief consolidator of shipping lines, Zeaborn, was being widely tipped as bidding for troubled Hansa Heavy Lift this September but nothing materialised from the rumours.

Officials at Hansa Heavy Lift have not replied to questions sent by Splash earlier. The company has a fleet of five ships operating in the heavylift markets.

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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