Corporate digest

Rickmers Maritime Trust

RICKMERS Maritime Trust sank into the red with a net loss of US$74.68 million for the third quarter ended Sept 30, versus a net profit of US$8.99 million a year ago, weighed down by an impairment charge. It recognised a non-cash impairment of US$69.1 million in Q3 2016, which was applied to 15 vessels in the fleet. Revenue fell 43 per cent year-on-year to US$15.64 million. Loss per share for the quarter was 8.49 US cents, compared to earnings per share of 1.04 US cents a year earlier.

Mencast Holdings