Rickmers acquires Hamburg Süd vessels in joint venture

Hamburg-based Rickmers has formed a joint venture with equity fund Apollo Global Management to acquire six Panamax reefer vessels for USD 176 million.

A joint venture between German Rickmers Group and funds tied to equity fund Apollo Global Management, listed on the New York Stock Exchange, has purchased six ships from Hamburg Süd, says Rickmers in a press release.

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

CMA CGM expects sharp decline in freight rates

The outlook for the container market looks somewhat more gloomy in the coming time, estimates French CMA CGM. However, the container shipping company still recorded growth on top and bottom lines in third quarter.

Further reading

Related articles

Latest news

See all jobs