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SAL Heavy Lift joins with Combi Lift

BREMEN/HAMBURG: July 27, 2017. Shipowner Harren & Partner (H&P) is to purchase SAL Heavy Lift from the 'K' Line Group for an undisclosed sum.

SALPart of 'K' Line since 2011, SAL operates a fleet of 15 heavylift vessels and combined with H&P's Combi Lift subsidiary will increase its capacity to 26 ships - ranging from multipurpose (300 ton crane capacity) to offshore construction with a combined crane capacity of up to 2,000 tons.

Founded in 1980 SAL is one of the world's leading heavylift and project cargo carriers. Its offshore subsidiary, SAL Offshore, develops and supplies installation solutions for the oil & gas and renewables sectors.

"I am very proud and pleased that we have reached the agreement with 'K' Line. SAL is an eminently respectable company with experienced employees and long-term customer relationships which stands for innovation, quality and technical expertise," said managing director Martin Harren. "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 heavylift market, we believe this will add strength to SAL and bring with it some much needed pricing discipline."

Toshio Yamazaki, CEO of SAL added: "We are glad to join Harren & Partner. It's a family-owned company that wants to expand its activities in the heavy lift segment. By joining forces, both Harren & Partner and SAL will strengthen their product suites."

Combi Dock 111Peter Harren, H&P founder, said the newly-acquired company would 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."

Following the "light touch" integration of SAL, Harren said the expanded business would include a fleet of 12 super heavylift vessels each with a crane capacity of 900 tons.

Heiko Felderhoff, CEO of Combi Lift noted his company will focus increasingly "on demanding logistics challenges beyond the day-to-day business – just like the Gazprom Amur GPP Project in Russia – as well as special offshore, decommissioning and salvage projects".

Founded in 1989, H&P manages a fleet of 70 vessels including tankers, container feeders, heavy lift vessels, bulk carriers, dock ships and offshore vessels.

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