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Rickmers Maritime sells entire fleet for US$113m

The deal may give noteholders, but not unitholders, some form of recovery
Saturday, April 22, 2017 - 05:50

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Rickmers Maritime has managed to sell its entire fleet of 14 containerships at a less-than-expected US$113 million.

Singapore

DISTRESSED business trust Rickmers Maritime has managed to sell its entire fleet of 14 containerships at a less-than-expected US$113 million. None of that sum is expected to go to unitholders.

The buyer, New York-listed Navios Maritime Partners L P (Navios Partners), on

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