The name Hansa Hydrocarbons is derived from a powerful confederation of trading guilds (Hanse) which came together in the middle of the 13th century to form the Hanseatic League in order to jointly pursue their economic interests across Northern Europe. In the course of time 70 major cities and 130 smaller towns joined the League, which covered an area from the eastern coast of the Britain to the Baltic states and from southern Scandinavia to northern Belgium. The Hanseatic League’s influence stretched far beyond these boundaries, and it maintained large depots and smaller trading posts from Portugal to Russia and from Scandinavia to Italy. The Hanseatic League had a significant say in business, trade and politics in northern Europe for over 400 years, until it declined in the mid-17th century. The Hansa merchants were successful through establishing strong and equitable partnerships and negotiating favourable terms with political authorities.
With a similar geographic footprint and its focus on profit, pragmatism and trust, the association with the Hansa is appropriate as the Company builds its business across the region in today’s market.