Germany's United Heavy Lift (UHL) is plotting its next stage of growth in partnership with a foundation linked to Bremen businessman Kurt Zech.
The Hamburg-based company has sold 50% of its heavylift, breakbulk and project cargo operator business to the Gustav Zech Stiftung, a foundation based in Liechtenstein.
The deal comes as the shipping company is taking delivery of 17 multipurpose (MPP) newbuildings to be operated on long-term contracts with Chinese lessors.
