Long term financial agreement completed

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Hansa Heavy Lift has announced the completion of a long term financial[ds_preview] agreement for its fleet with its core banking partners.

As Managing Director Roger Iliffe stated, this agreement followed a four year period of time in which the company had been able to grow in a difficult market. The long term deal was concluded with the help of Oaktree Capital Management. »Hansa Heavy Lift goes into 2015 with the right financial structure to ensure continued growth«, Iliffe commented.

To terms on two ships currently financed by NordLB, the company could not obtain an agreement, but Iliffe is confident to be able to announce an economic solution for these ships in due time.

Hansa Heavy Lift operates a fleet of 21 vessels, one of them on long term charter. The company announced it was continuing to build up ist engineering capabilities araound the P1-Class and P2-Class vessels in addition to their fleet of ships of the F-Class.