Erck Rickmers Sells Shipping Businesses

Hamburg-based shipping magnate Erck Rickmers has announced he is selling his ship management and ship brokerage businesses to Bremen-based Zeaborn Group. Effective January 1, 2018, Zeaborn Group acquired all shares in E.R. Schiffahrt, shipbroker Harper Petersen, and Rickmers Shipmanagement, for an undisclosed sum. The new entity will manages a fleet of 165 container … [Read more...]

Rickmers to Continue Ship Management Under New Owners

FRANKFURT, Sept 7 (Reuters) - German shipping group Rickmers, which filed for insolvency in June, said on Thursday its ship management unit had the all-clear to continue business after it was bought by Bremen-based Zeaborn Group and owner Bertram Rickmers. The company said in a statement that a consortium consisting of Zeaborn and Bertram Rickmers bought the division, which … [Read more...]

Rickmers Creditors to Get Just 11 Cents on the Dollar Following Completion of Fleet Sale

By Mike Wackett (The Loadstar) - Unsecured creditors of bankrupt panamax containership owner Rickmers Maritime Trust (RMT) will each receive just 11.4% of the amount they are due. This will come from the final proceeds of $27m, according to an update on the winding-up process. The trustee manager of Singapore-headquartered RMT announced it had completed the sale of … [Read more...]

MSC Prepares Contingency Plan for Cargo Aboard Rickmers Charters

By Mike Wackett (The Loadstar) - MSC is preparing contingency plans for customers’ cargo, should the three containerships it has on charter from Rickmers be claimed by the bankrupt group’s creditors. Rickmers Group entered self-administered insolvency on 2 June. The vessels affected are the 1,854 teu John Rickmers, 1,216 teu Sandy Rickmers and 4,444 teu MSC Florida. The … [Read more...]

Rickmers to File for Insolvency as Revamp Fails

By Jan Schwartz HAMBURG, Germany, June 1 (Reuters) - German shipping firm Rickmers filed for insolvency on Thursday, a day after its largest lender HSH Nordbank rejected a restructuring plan, the company said. Rickmers is the most high-profile casualty in Germany's shipping sector and another example of the deepening turmoil in a global container industry struggling with … [Read more...]