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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs