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Rickmers turns away from German ownership structure

German shipping group Rickmers will become a stock company, thus turning its back for good on the special KG corporate structure.

Rickmers Holding, the parent company of Germany shipping conglomerate Rickmers Group, is now moving away from the traditional and uniquely German KG corporate structure in order to become a de-facto stock company, says Rickmers in a statement on its website, describing the move as a milestone in the company's history.

"With the announcement of the decision taken today we are very well positioned to take advantage of current and future growth opportunities arising from the consolidation of the shipping sector. Our initial focus is on the further expansion of our portfolio of energy-efficient container ships," says CEO Ignace Van Meenen.

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