Rickmers clashes with bondholders over rescue plan

A group of bondholders demand immediate repayment of their stakes while threatening legal action against the listed container company Rickmers Maritime in Singapore.

by OLE ANDERSEN

A group of bondholders in German Rickmers' listed Singapore company Rickmers Maritime, which owns 16 container ships, is demanding immediate repayment of their share in a bond loan of 100 million Singapore dollars or USD 73 million, reads a letter from the law firm Rajah & Tann Singapore, which represents the bondholders, according to a corporate statement from Rickmers Maritime.

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Rickmers preparing for decisive investor meeting
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Rickmers rejects investor demands
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Investors demand USD 73 million from Rickmers Maritime
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Rickmers clashes with bondholders over rescue plan

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Rickmers preparing for decisive investor meeting

Rickmers rejects investor demands

Investors demand USD 73 million from Rickmers Maritime

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

Packed container ships trigger surge in air freight demand

14 arrested at demonstration in front of Maersk headquarters

Spot prices for container freight continue to rise

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

14 arrested at demonstration in front of Maersk headquarters

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Jobs