Hansa Heavy to shut down in March

Hansa Heavy Lift will close down shop for good in March, the interim administrator tells ShippingWatch. The ship operator filed for insolvency in December 2018.

Photo: Hansa Heavy Lift

German ship operator Hansa Heavy Lift will close down its business in March, and that will be the definitive end of the Hamburg-based company.

The heavy lift shipping company filed for insolvency on Dec. 11, 2018 when majority shareholder Oaktree Capital decided to cut off funding. Since then, the company has been on standby with help from a state-owned guarantee fund that has paid employees' wages.

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