Spliethoff buys bust Hansa Heavy’s fleet

Spliethoff buys bust Hansa Heavy’s fleet

Dutch outfit Spliethoff has swooped for all five ships previously owned by bust Hansa Heavy Lift. The ships – all Chinese-built and delivered between 2008 and and 2011 – are the HHL Tyne, HHL New York, HHL Mississippi, HHL Elbe and Beluga Family, according to the latest weekly report from Allied Shipbroking.

No price has been revealed for the geared ships although online pricing portal VesselsValue puts the combined price tag for the five ships at $39m.

Hansa Heavy, the Hamburg-based successor to Beluga Shipping, declared its insolvency last month. Hansa Heavy, whose main shareholder is American private equity firm Oaktree, had been under financial pressure for a number of years with some of its ships arrested in recent months.

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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1 Comment

  1. Martyn Benson
    January 22, 2019 at 10:37 pm

    Nice bit of pick-up by Spliethoff – good ships at a bargain price.