ShippingWatch

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.

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.

Read the whole article

Get 14 days free access.

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

Container reliability hit new low at the end of 2021

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.

DNB Markets says oil price could hit USD 100 a barrel

An optimistic scenario could see the oil price go above USD 100 per barrel, DNB Markets forecasts in its latest oil market report. It won’t take much for it to happen, oil analyst Helge André Martinsen says to ShippingWatch.

Cadeler secures two new deals

Shipping line Cadeler, which operates wind installation ships, lands two new deals, one with Vestas, the other with an unnamed customer.

Further reading

Related articles

Latest news

See all jobs