New Rickmers Maritime CEO ready for growth

Newly-appointed CEO of container company Rickmers Maritime, Søren Andersen, is prepared to acquire vessels and to strengthen the company by establishing pool collaborations for smaller container vessels. "The challenge is to get investors on board for growth," he says in an interview with ShippingWatch.

BY LOUISE VOGDRUP-SCHMIDT

Published: 23.06.15 at 14:54

This is the shop that Søren Andersen took over on June 1st as new CEO of Rickmers Maritime: 16 container vessels ranging from 3,450 to 5,000 teu, leased to major container operators. A market value of USD 180 million. A German major shareholder, and the rest of the ownership placed in Singapore, where the company is listed. Improved rates, but a broad field of competitors.

This is what Søren Andersen wants to see the company look like before long: An even bigger fleet built through acquisitions of new or second-hand tonnage in the same size range as the company's existing fleet, or slightly smaller. Increased returns to shareholders. A consolidation in the industry through pool collaborations with one or more competitors.

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Container reliability hit new low at the end of 2021

Photo: Christina Sabrowsky/AP/Ritzau Scanpix

Schedule reliability in the container industry set a new negative record in December 2021 with one route in particular hit hard with an on-time arrival rate of only 10 percent, show figures from Sea-Intelligence. Problems in supply chains are still ”a huge burden,” says Hapag-Lloyd.