Advertisement

HEAVYLIFT: Restructuring for Beluga

The blue-hulled ships of Germany’s heavylift specialist Beluga Shipping are continuing in employment, but the company is undergoing a substantial financial restructuring after its founder, Niels Stolberg, took a leave of absence in March and a new management team took over in an attempt to hold off bankruptcy. However, on 22 March the management boards of the respective companies announced that they were opening insolvency proceedings at the local court in Bremen.

The firm has taken on a large number of specialised newbuildings over the past several years, including its new P1 and P2 series ships with a lifting capacity of 1,400 tons, but utilisation rates for the specialised vessels have been low because of the recession. Last year Beluga agreed to an infusion of $280 million from the US-based investment firm Oaktree Capital.

Ships Montly - January 2024

Hapag-Lloyd newbuilds get enhanced equipment

MacGregor has secured an order from Hapag-Lloyd for its fully automatic twistlocks (ACV-1) “Hippo”, designed to improve cargo handling efficiency. Twistlocks are used to...
Advertisement

Related articles

Hapag-Lloyd newbuilds get enhanced equipment

MacGregor has secured an order from Hapag-Lloyd for its fully automatic twistlocks (ACV-1) “Hippo”, designed to improve cargo...

Lerwick initiates major dredging project

Lerwick Port Authority has initiated an ambitious two-phase infrastructure project aimed at significantly enhancing its deep-water capabilities to...

Damen signs with Port Marlborough New Zealand for ASD Tug 2312

Damen Shipyards Group has signed a contract with Port Marlborough New Zealand (PMNZ) for the delivery of an...

Spirit of Tasmania IV leaves the Port of Leith

The roll-on/roll-off passenger ferry Spirit of Tasmania IV departed the Port of Leith on 30 June 2025 and...