You are here

Rickmers suspends distributions as charter revenue falls

Mr Andersen says Rickmers Maritime will review the decision on distributions every quarter, with the aim to resuming distributions when the trust is confident that it is in a position to do so sustainably.


RICKMERS Maritime, which posted its third-quarter financial results on Wednesday, said it has suspended distributions to unitholders for the time being to conserve cash flow until charter conditions improve.

The business trust made this decision as cash from operating