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.

by DANIEL LOGAN

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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Rickmers Group's bottom line more than halved in 2016

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Rickmers Maritime reaches agreement with investors

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Front page now

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Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

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