Rickmers Maritime sinks US$53m into the red for Q3

Singapore

MAINBOARD-LISTED Rickmers Maritime on Tuesday posted a Q3 net loss of US$53.02 million, compared to the US$13.09 million net profit made during the corresponding quarter last year.

The group registered charter revenue of US$33 million for the three months ended Sept 30, 10 per cent lower than the US$36.6 million brought in last year, mainly as a result of reduced charter rates on two vessels which began new charters in the first quarter of 2014.