Germany’s Rickmers Holding and ER Capital Holding are weighing the merger of their ship-management units into a global joint venture with around 220 vessels.
30 Mar 2016
Nordana Project and Chartering, which owns and operates about 25 breakbulk and heavy-lift multipurpose tweendeck vessels, has named Rickmers-Linie as its representative in China.
15 Mar 2016
Rickmers Group posted higher earnings and revenue, driven by the dollar’s rise against the euro, an increase in the number of ships under management, and cost cutting, but a write down in the value of its vessels resulted in a bottom line loss.
19 Feb 2016
Rickmers Maritime slumped to a $129.2 million loss in 2015 from a $16 million profit a year earlier on increased write offs on the value of its ships and depressed container charter rates.
01 Feb 2016
Rickmers Group has reiterated its 2015 results forecast in response to the recent slump in its corporate bond.
15 Dec 2015
Rickmers Maritime said it will post a net loss in the fourth quarter and for the full year due to the depressed container ship charter markets that forced a write down in the value of its vessels.
05 Nov 2015
Rickmers Maritime swung to a net profit of $9 million in the third quarter from a $53 million loss a year earlier, but suspended dividend payments to conserve cash flow until the container charter market improves.
20 Aug 2015
Rickmers Group’s operating profit rose 35 percent in the first half, as its shipping unit returned to the black and a strong dollar boosted revenues.
08 Jun 2015
Swire Shipping, the liner shipping division of China Navigation, is teaming up with Rickmers-Linie, the breakbulk and heavy-lift carrier, to enhance services in India and the Mideast.
01 Jun 2015
Rickmers Holding has switched its legal status from limited partnership to stock corporation, paving the way for a potential initial public offering by Germany’s biggest container ship owner and manager, most likely in New York.