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Rickmers Maritime doubled profits in 2nd quarter

A one-off income from the early settlement of a loan ensured Rickmers' Singapore company a USD 16 million profit in the 2nd quarter 2014.

Rickmers Maritime, stock-listed in Singapore and part of the German Rickmers Group, achieved a net profit of USD 16 million in the 2nd quarter 2014, or twice as much as the carrier made in the same period last year.

Rickmers Maritime owns 16 container ships, and the reason for the company's significantly improved result is a one-off income of USD 11.4 million stemming from the expedited settlement of a convertible loan to Polaris Shipmanagement, which triggered a 20 percent discount, according to Rickmers Maritime's interim report.

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