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Rickmers keeps Q1 DPU steady

Amid profit slide and shipping weakness, trust taps cash reserves to hold DPU at 0.6 US cent

Published Fri, Apr 24, 2015 · 09:50 PM

Singapore

CONTAINER ship owner Rickmers Maritime has continued to eat into its cash pile to keep distributions per unit (DPU) steady in the first quarter amid ongoing weakness in the global shipping industry.

The mainboard-listed business trust said in a Singapore Exchange filing on Friday that DPU would be kept the same as the preceding year, at 0.6 US cent for the three months to March 31.

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