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Rickmers Group's bottom line more than halved in 2016

Large-scale impairments in the third quarter mean that German Rickmers Group's bottom line is more than halved so far in 2016, while operations and revenue also noted setbacks. The company still expects an operating result for 2016 significantly below last year's.

German shipping group Rickmers Group remains strained by the container market crisis, and large impairments in the third quarter pulled the result so far in 2016 even deeper into the red.

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