A key figure in the restructuring efforts of Rickmers Holding has been appointed as the preliminary insolvency administrator of Hansa Heavy Lift.

Oaktree-backed Hansa Heavy Lift filed for insolvency this week after the private equity firm opted not to inject further capital into the company.

Today the Hamburg District Court appointed Dr Christoph Morgen to oversee the process, with his key responsibility to represent Hansa creditors in the process.