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Rickmers Holding working to settle restructuring

Rickmers Holding is still working to settle a new restructuring after the company filed for insolvency at the court in Hamburg last week. The company's insolvency is "a blow to the German maritime cluster," says the German Shipowners' Association.

Rescue plan for Rickmers Group met with opposition

Bondholders are uncertain about the rescue plan proposed by German shipping company Rickmers Group aimed at securing continued operations. The plan includes Chairman Bertram C. Rickmers surrendering control of parent unit Rickmers Holding.

Rickmers distances itself from Singapore company

Trouble for the ailing tax structure in Singapore-based Rickmers Maritime will not have consequences for Rickmers Holding. The company is completely separate from Rickmers Holding, maintains the German shipping group.

Large-scale merger underway in German shipping

E. R. Capital Holding and Rickmers Holding AG are weighing a potential merger of the two companies' ship management units, Rickmers Maritime Services and E.R. Schiffahrt. The two units combined would cover hundreds of vessels.

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