New financing helps Hansa Heavy Lift

Hamburg, Germany-based Hansa Heavy Lift, together with Oaktree Capital Management, has completed new financial arrangements with the banks.    Hamburg, Germany-based Hansa Heavy Lift, together with Oaktree Capital Management, has completed new financial arrangements with the banks.
   “We are very happy to announce that after four years of steadily growing our business in a very difficult market we were able to create a long-term financing arrangement acceptable to our banking partners,” said Roger Iliffe, chief executive officer of the carrier, in a statement.
   “Hansa Heavy Lift goes into 2015 with the right financial structure to ensure its continued growth,” he added.
   Specific details of the financing were not released by the carrier.
   Iliffe admitted, however, the carrier was not yet able to agree to terms on two ships currently financed by NordLB. “We are confident that in due time we will be able to announce a final economic solution for these two ships,” he said.
   Hansa Heavy Lift operates a fleet of 21 vessels, including one on long-term charter.