Impairments pull Rickmers Maritime into the red

Rickmers Maritime's impairments steal the spotlight, but they also hide the fact that the company's operations delivered a positive bottom line in an extremely weak container market. Things are bad, says CEO.

BY CHRISTIAN BARTELS

The all-time low rates in the container market forced Rickmers Maritime - which leases a total of 16 container ships to carriers - to book a massive impairment in 2015, which means that the company suffered a net deficit of USD 129.6 million for the year, following impairments for a total USD 148 million, notes Rickmers Maritime in its annual report on Friday.

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