{"id":55547,"date":"2016-09-19T08:13:00","date_gmt":"2016-09-19T08:13:00","guid":{"rendered":"https:\/\/splash247.com\/?p=55547"},"modified":"2016-09-19T08:32:40","modified_gmt":"2016-09-19T08:32:40","slug":"hansa-treuhand-seeks-court-protection-15-boxships","status":"publish","type":"post","link":"https:\/\/splash247.com\/hansa-treuhand-seeks-court-protection-15-boxships\/","title":{"rendered":"Hansa Treuhand seeks court protection for 15 boxships"},"content":{"rendered":"<p>The Hamburg shipping community has reacted with shock and sadness that one of the city\u2019s erstwhile maritime champions Hermann Ebel has become the latest victim of the container downturn. Ebel, who via his firm Hansa Treuhand, was a pioneer of the KG system, has now sought court protection for a number of his ships.<\/p>\n<p>In a statement on the Hansa Treuhand site, the company said it would look to halve its fleet of around 50 ships, admitting that any turnaround in shipping was several years away. The German owner has sought creditor protection for 15 container ships at a court in Hamburg. German media is reporting around one quarter of the company\u2019s 130 staff in Hamburg will be made redundant.<\/p>\n<p><em>Splash<\/em> understands Ebel\u2019s own personal shipping investments have been wiped out.<\/p>\n<p>\u201cI feel sorry for him, because he has been one of those in denial of the market situation. He kept KG activities going for another seven or eight years after Lehman,\u201d a source in Hamburg commented.<\/p>\n<p>A <span style=\"color: #000080;\"><a style=\"color: #000080;\" href=\"https:\/\/splash247.com\/20-kg-funded-boxships-insolvent\/\" target=\"_blank\"><span style=\"text-decoration: underline;\">report carried on <em>Splash<\/em> last week<\/span><\/a><\/span> suggested that around 20% of KG ships were now insolvent, a figure sources in Germany expect to grow by another 40%.<\/p>\n<p>Hansa Treuhand stated that its cruise business, Sea Cloud Cruises, and its shipbroking outfits, Hansa Chartering and United Maritime Brokers, would all continue to operate.<\/p>\n<p>On lessons learnt during the downturn, Ebel <span style=\"text-decoration: underline; color: #000080;\"><a style=\"color: #000080; text-decoration: underline;\" href=\"https:\/\/splash247.com\/hansa-treuhand-kgs-biding-their-time\/\" target=\"_blank\">reflected in an interview<\/a><\/span> with <em>Maritime CEO<\/em> three years ago: \u201cHindsight is easier than foresight. However, it is true that too many vessels have been ordered in the past. Some of us ought to have known better.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Hamburg shipping community has reacted with shock and sadness that one of the city\u2019s erstwhile maritime champions Hermann Ebel has become the latest victim of the container downturn. Ebel, who via his firm Hansa Treuhand, was a pioneer of the KG system, has now sought court protection for a number of his ships. In &hellip;<\/p>\n","protected":false},"author":3,"featured_media":55527,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ml_titleColor":"#000000","_ml_titleFont":"Roboto","_ml_titleFontSize":1.136,"_ml_titleFontWeight":"400","_ml_titleLineHeight":1.3,"_ml_metaColor":"#708090","_ml_metaFont":"Montserrat","_ml_metaFontSize":0.6785,"_ml_metaFontWeight":"400","_ml_metaLineHeight":0.92,"_ml_bodyColor":"#a9a9a9","_ml_bodyFont":"Open Sans","_ml_bodyFontSize":0.85,"_ml_bodyFontWeight":"400","_ml_bodyLineHeight":1.2,"_ml_wooPriceColor":"#666","_ml_wooPriceFont":"Open Sans","_ml_wooPriceFontSize":0.9,"_ml_wooPriceFontWeight":"400","_ml_wooPriceLineHeight":1.27,"_ml_headingColor":"#000","_ml_headingFont":"Merriweather","_ml_headingFontSize":2.02,"_ml_headingFontWeight":"700","_ml_headingLineHeight":1.47,"_mlglobal_userfontcolors":{"headingColorUser":[],"titleColorUser":[],"metaColorUser":[],"bodyColorUser":[],"wooPriceColorUser":[]},"_uag_custom_page_level_css":"","footnotes":""},"categories":[56,70,65],"tags":[204,103,127],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hansa Treuhand seeks court protection for 15 boxships - Splash247<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/splash247.com\/hansa-treuhand-seeks-court-protection-15-boxships\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hansa Treuhand seeks court protection for 15 boxships - Splash247\" \/>\n<meta property=\"og:description\" content=\"The Hamburg shipping community has reacted with shock and sadness that one of the city\u2019s erstwhile maritime champions Hermann Ebel has become the latest victim of the container downturn. Ebel, who via his firm Hansa Treuhand, was a pioneer of the KG system, has now sought court protection for a number of his ships. In &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/splash247.com\/hansa-treuhand-seeks-court-protection-15-boxships\/\" \/>\n<meta property=\"og:site_name\" content=\"Splash247\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/Splash247\" \/>\n<meta property=\"article:published_time\" content=\"2016-09-19T08:13:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-09-19T08:32:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/splash247.com\/wp-content\/uploads\/2015\/07\/Hansa-Treuhand.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1023\" \/>\n\t<meta property=\"og:image:height\" content=\"668\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sam Chambers\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@http:\/\/www.twitter.com\/SamChambers\" \/>\n<meta name=\"twitter:site\" content=\"@splash_247\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sam Chambers\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/splash247.com\/hansa-treuhand-seeks-court-protection-15-boxships\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/splash247.com\/hansa-treuhand-seeks-court-protection-15-boxships\/\"},\"author\":{\"name\":\"Sam Chambers\",\"@id\":\"https:\/\/splash247.com\/#\/schema\/person\/162629ecfe26c4ed792bf3b78fabb6f8\"},\"headline\":\"Hansa Treuhand seeks court protection for 15 boxships\",\"datePublished\":\"2016-09-19T08:13:00+00:00\",\"dateModified\":\"2016-09-19T08:32:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/splash247.com\/hansa-treuhand-seeks-court-protection-15-boxships\/\"},\"wordCount\":269,\"commentCount\":2,\"publisher\":{\"@id\":\"https:\/\/splash247.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/splash247.com\/hansa-treuhand-seeks-court-protection-15-boxships\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/splash247.com\/wp-content\/uploads\/2015\/07\/Hansa-Treuhand.jpg\",\"keywords\":[\"Bankruptcy\",\"Editor's Picks\",\"Germany\"],\"articleSection\":[\"Containers\",\"Europe\",\"Finance and Insurance\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/splash247.com\/hansa-treuhand-seeks-court-protection-15-boxships\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/splash247.com\/hansa-treuhand-seeks-court-protection-15-boxships\/\",\"url\":\"https:\/\/splash247.com\/hansa-treuhand-seeks-court-protection-15-boxships\/\",\"name\":\"Hansa Treuhand seeks court protection for 15 boxships - 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Ebel, who via his firm Hansa Treuhand, was a pioneer of the KG system, has now sought court protection for a number of his ships. 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