Hartmann Finds Buyers for Its AHTS Fleet

Image Courtesy: Hartmann Group

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>

<< Dec 2017 >>
MTWTFSS
27 28 29 30 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 31

APM – ASIA PACIFIC MARITIME 2018

27 years in the making, APM is the premier shipbuilding & marine, workboat and offshore exhibition in Asia trusted by generations of industry professionals.

read more >

Mega Cargo Show 2018

The focus of the event is to bring all connected with cargo fraternity on a single platform…

read more >

Vietship 2018

Vietship is the largest and longest established exhibition in Vietnam featuring all aspect of Shipbuilding, Shipping and Offshore Technology.

Since its first event in 2002, Vietship has become the convergence and platform of advanced technologies regional and worldwide in shipbuilding and ship repair, marine equipment, waterway transportation and services, marine and offshore engineering.

After 16 years of eight consecutive editions, Vietship has affirm itself as an important event in enhancing cooperation and development, attracting investments, exchanging technology and creating ideal opportunities for trade promotion in the international maritime industry.

More info

read more >

LNG Bunkering Summit 2018

The conference will cover the obstacles facing both the shipping and port communities, exploring developments in conversion and new builds…

read more >