You are here

SUBSCRIBERS

Rickmers Maritime sells entire fleet for US$113m

The deal may give noteholders, but not unitholders, some form of recovery

RICKMERS.jpg
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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes