Hartmann Finds Buyers for Its AHTS Fleet

Shipping firm Hartmann Group has secured the recapitalisation of an 11-strong fleet of anchor handling tug supply (AHTS) vessels.

The deal was concluded through a partnership with, and long-term investment from, Breakwater Capital and Hayfin Capital Management.

Although the financial terms of the agreement were not unveiled, the company said that the delivery of the 11 vessels is scheduled to be completed by the end of November.

Agreed on October 12, the deal provides the fleet with immediate stability and the potential for growth, Hartmann informed.

With this move, full ship management of the fleet will remain with the former owners, Hartmann Group, with Hartmann Offshore continuing the technical-nautical operations and UOS (United Offshore Support) managing the commercial side.

Hartmann informed that the fleet will operate under their current expedition names with the prefix changed from UOS to GH.

“We’re delighted to have agreed this investment which secures a clean balance sheet and the long-term capital required to provide stability and the potential for growth in the future,” Andre Groeneveld, Managing Director of UOS, said.

“With strong assets, long-term partners and experienced management, we feel well-positioned to deliver a reliable, competitive and technically advanced service to the market,” he added.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >