Holland Norway Lines (1) – Early termination of charter agreement

By 8 September 20232023 Newsletter week 36
September 8, 2023

Announcement by Tallink Grupp: the charter agreement for the charter of company vessel Romantika signed between a subsidiary of AS Tallink Grupp, AS Tallink Latvija and Holland Norway Lines BV, has been terminated on 1 September 2023 before the charter agreement’s normal expiry date.

Holland Norway Lines (2) – Declared bankrupt

The court in Groningen declared Holland Norway Lines BV (HNL) bankrupt (4 September 2023). The bankruptcy was requested in consultation with trustee Hans Silvius and the management of HNL. Hans Silvius has been appointed as the curator.

The reason for proceeding with the bankruptcy application is that no potential candidate has come forward for the takeover of Holland Norway Lines since the company applied for a suspension of payments last week (35). The employees of HNL in both Norway and the

Netherlands have been informed by the management of HNL. Although at this point only Holland Norway Lines BV has filed for bankruptcy, it is expected that the subsidiaries in the group will file for bankruptcy within short, as there is no longer prospects for continued operations.