Monday, February 5, 2018
Thursday, September 7, 2017
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...
Wednesday, July 12, 2017
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...
Tuesday, June 13, 2017
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...
Wednesday, May 31, 2017
Wednesday, April 12, 2017
Charter Market Recovery Too Late to Save Rickmers Maritime
By Mike Wackett (The Loadstar) – The recent recovery in the containership charter market has come too late to save panamax shipowner Rickmers Maritime Trust (RMT). The company has announced...
Rickmers Maritime Winding Up: Containership Trust Becomes Latest Singapore Casualty of Debt Woes
By Aradhana Aravindan, SINGAPORE, April 12 (Reuters) – Rickmers Maritime, a Singapore-listed trust that operates container ships, said it would be wound up as it has been unable to reach...
Tuesday, March 7, 2017
Singapore’s Stock Rally Looks to Be Floating on Foam
By Christopher Langner (Bloomberg Gadfly) — Read the shipping and offshore oil industry news in Singapore and you’d be forgiven for imagining the country’s stock market must also be in...
Thursday, February 16, 2017
Rickmers in Plea to Creditors for Help to Escape Going Under as Debts Mount
By Mike Wackett (The Loadstar) – Beleaguered panamax containership owner Rickmers Maritime Trust (RMT) has pleaded with its creditors for help to restructure its debts. Singapore-headquartered RMT posted a full-year...
Wednesday, December 21, 2016
Rickmers Noteholders Reject Debt Restructuring Plan
SINGAPORE, Dec 21 (Reuters) – Rickmers Maritime, a Singapore-listed trust that operates container ships, said investors rejected a debt restructuring plan for its S$100 million ($69 million) note on Wednesday,...
Monday, December 12, 2016
Rickmers Confirms Sale of 7-Year-Old Containership; Youngest Ever Sold for Scrap
Singapore shipping trust Rickmers Maritime has confirmed it has sold a 7-year-old panamax containership for scrap in order to pay down bank debt, marking the youngest containership ever sold for demolition....
Friday, November 25, 2016
Rickmers Maritime Denies Reports It Sold 7-Year-Old Containership for Scrap
By Gavin van Marle (The Loadstar) – Troubled non-operating container shipowner Rickmers Maritime Trust today denied it had scrapped a seven-year-old panamax containership. Reports yesterday claimed it had sold the...
Tuesday, November 15, 2016
Rickmers Maritime Doubts Future After Missed Interest Payment
SINGAPORE, Nov 15 (Reuters) – Rickmers Maritime, a Singapore-listed trust that operates container ships, said it faces the risk of going out of business given the uncertain outcome of its...
Thursday, October 20, 2016
Rickmers Investors Seek Bond Payment Amid Singapore Stresses
By Denise Wee (Bloomberg) — Singapore-based shipping trust Rickmers Maritime said it received a letter from lawyers representing some investors stating their desire to take “legal steps and actions against...
Thursday, September 15, 2016
Rickmers Seeks Restructuring as Industry Woes Mount
By David Yong (Bloomberg) — A Singapore-based shipping trust that operates container ships is asking creditors for leniency on about $253 million of debt, in the latest sign of debt...
Thursday, April 30, 2015
U.S. Navy Begins Accompanying American Ships Through Strait of Hormuz
The U.S. Navy has begun accompanying U.S.- flagged ships through the Strait of Hormuz in response to Iran’s seizure of a cargo ship flying the flag of the Marshall Islands, American defense officials said.
Friday, May 2, 2014
Rickmers Maritime Presses on, Hopes for Market Recovery in 2015
According to Clarkson Research, global trade growth is projected to reach around 6.0 percent in 2014 as compared to 4.9 percent growth in 2013, yet with a significant amount of...
Friday, March 21, 2014
Tuesday, February 18, 2014
Thursday, May 23, 2013
Rickmers Group to Raise $258 Million in Landmark Bond Sale
(Bloomberg) — Rickmers Group is breaking with tradition as it seeks to become the first German charter shipping company to raise money in the bond market. The family-owned company, which...
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