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Rickmers Maritime's fleet drops below scrap value

According to VesselsValue, the ailing owner of container ships stands to gain more from selling its entire fleet instead of keeping the vessels operational.

Photo: PR-foto/Rickmers Maritime

The value of container vessels owned by listed Rickmers Maritime Trust in Singapore has dropped below the price that the shipowner could earn on the vessels if they were sold to scrap, according to VesselsValue.

In other words, Rickmers Maritime Trust would earn more by selling its entire fleet as scrap instead of keeping the vessels in operation on the market, thus optimizing the remains of the values in the struggling company for creditors.

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