Harren & Partner Buys SAL Heavy Lift
German shipping company Harren & Partner and Japanese “K” Line have reached an agreement for Harren & Partner to acquire SAL Heavy Lift on 27 July 2017. SAL has been fully-owned by “K” Line since 2011.
SAL Heavy Lift has access to a fleet of 15 heavy lift vessels and a worldwide network with offices and agencies in 25 countries, the company said. Together, Harren & Partner and SAL have a fleet of 26 heavy lift vessels: from multipurpose vessels (300 t crane capacity) and dock ships, to offshore construction vessels with DP2 and a combined crane capacity of up to 2,000 t.
Martin Harren, Managing Director of Harren & Partner, said: “We believe that this acquisition will ensure that both SAL and Harren & Partner are very well-positioned for the future. In becoming the new dominant player in the super heavy lift market, we believe this will add strength to SAL and bring with it some much needed pricing discipline.”
Toshio Yamazaki, CEO of SAL, said: “By joining forces, both Harren & Partner and SAL will strengthen their product suites. Customers will benefit from more choices and better solutions.”
SAL Heavy Lift will still operate as a separate brand with its headquarters in Hamburg. “There won’t be any changes for SAL’s clients. Also, the fleet of 15 heavy lift vessels will remain with SAL,” said Peter Harren, Founder and Managing Director of Harren & Partner.