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Rickmers Maritime hit by second quarter deficit

Container company Rickmers Maritime dipped into the red in the second quarter 2015 due to impairments. But the industry seems to be on the right track, says CEO Søren Andersen.

Rickmers Maritime suffered a deficit in the second quarter 2014, according to the second quarter interim report from the company that leases container ships to the major carriers in the market. The Singapore-listed company, which has Germany's Rickmers Group as a primary shareholder, delivered a deficit after taxes of USD 15.7 million, compared to a USD 16 million profit in the same period last year.

The setback is especially attributed to impairments on both the company's goodwill and on ships, as rates in the container charter market are still hovering at a historical low, notes Rickmers Maritime. The company's impairments in the quarter total USD 19.6 million.

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