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.
28 Apr 2015
Just two hours before they were set to call the port at Jebel Ali in the United Arab Emirates, the crew of the Maersk Tigris likely had little or no idea that the container ship would become international news while heightening tension in the Middle East.
28 Apr 2015
Iranian patrol vessels fired warning shots across the bow of the container ship Maersk Tigris when the vessel was traversing the Strait of Hormuz in Iranian territorial waters, a Pentagon spokesman said.
10 Apr 2015
Rickmers Group’s net income stalled and revenue declined in 2014 but Germany’s leading container ship owner and manager continued to grow its fleet and restructured its loans.
26 Feb 2015
Rickmers Maritime sank to a $16 million net loss in 2014 from a $23.5 million profit in the previous year as impairments and lower containership charter rates in the third quarter offset a profitable final three months.