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Rickmers-Linie under pressure from new operators

German multipurpose carrier Rickmers-Linie is under pressure from competition in dry bulk and container, a development that had a negative impact on the company's result for 2013.

Rickmers-Linie's new CEO Ulrich Ulrichs.

German Rickmers' multipurpose carrier Rickmers-Linie remained caught in a negative spiral in 2013 as the carrier saw its deficit grow significantly, says Alphaliner in a new analysis.

The carrier achieved an operating deficit (EBITDA) of EUR 33.5 million, compared to a EUR 17.9 million deficit in 2012. Net revenue also declined, to a deficit of EUR 34.1 million, down from negative EUR 18.7 million the year before.

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