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End of the line for Hartmann Asia RTW Line

April 4 - HLPFI understands that Hartmann Asia RTW Line Pte Ltd has been placed into provisional liquidation with accountancy practice, Lau Chin Huat & Co of Singapore, appointed as the provisional liquidator of the company.

Readers may recall that H.S.A Chartering announced the addition of a fourth vessel into the Hartmann Asia RTWservice in December 2011 and said at the time that the integration of HAL Ambassador would improve the frequency to monthly and bring additional benefits with its heavy lift capacity and additional space.

Now, a company spokesperson has advised that: "the RTW is/was a joint venture with an external partner. But due to different strategic positions, it was decided to end the partnership and therewith end the RTW".

A creditors meeting of Hartmann Asia RTW Line Pte Ltd has been called for April 12, 2012 in Singapore.

HLPFI understands that the Hartmann Project Line, the regular scheduled service launched in mid March offering a breakbulk and project cargo liner operation connecting Australasia with the North American continent, is not affected by this development, nor are the other services operated by Hartmann Shipping Asia.

www.hsa-chartering.com

www.hartmann-shipping.com

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