Zeamarine in crisis

Following months of turbulence, with some companies of the parent Zech construction Group declaring insolvency and various ships and services being taken over by third party operators, Zeamarine holding company has applied to the court for insolvency proceedings

Hansa Heavy Lift, Hamburg, a subsidiary company of US finance investor Oaktree Capital Management, has declared insolvency

Speculation is growing that Zeaborn Shipping will shortly make a formal offer for Hansa Heavy Lift

Zeamarine, a new USA-Germany combination in the project, breakbulk and heavy lift cargo shipping field, has announced that governmental and agency approvals have been received, deeming the joint venture official