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maritime
breakbulk news
breakbulk carriers
Breakbulk carriers
News and analysis of carriers serving the breakbulk, heavy-lift, and project cargo markets
The latest
Breakbulk carriers
News & Analysis
Rickmers Maritime pulls plug after failed restructuring bid
Bruce Barnard, Special Correspondent |
The Singapore-listed manager of a fleet of 14 Panamax vessels was unable to obtain the approval of bondholders.
Breakbulk carriers
Spliethoff Group orders six ships
Michael Hollmann, Special Correspondent |
The ships have been dubbed as the R-Class.
Breakbulk carriers
Rickmers Maritime Trust moves closer to liquidation
Bruce Barnard, Special Correspondent |
Rickmers Maritime Trust’s future became even bleaker Wednesday.
Breakbulk carriers
Rickmers Maritime's future bleaker as it misses interest deadline
Bruce Barnard, Special Correspondent |
Rickmers Maritime failed to meet the final deadline for an interest payment today, further fueling doubts about the survival of the Singapore-based container ship owner.
Breakbulk carriers
Rickmers Maritime fails to make interest payment
Bruce Barnard, Special Correspondent |
Rickmers Maritime Trust failed to make an interest payment due Tuesday, pushing the Singapore-based Panamax container ship owner closer to the brink of insolvency.
Breakbulk carriers
Rickmers Maritime postpones bond restructuring vote on low turnout
Bruce Barnard, Special Correspondent |
Rickmers Maritime Trust cancelled Wednesday’s scheduled meeting of bondholders that was due to vote on a restructuring plan.
Breakbulk carriers
Bahri targets Mexico, US Gulf for growth
JOC Team |
Saudi Arabia-based Bahri has opened a Houston office and is targeting the US Gulf and Mexico.
Breakbulk carriers
Thorco, United Heavy Lift form joint venture
JOC Staff |
Breakbulk operator Thorco and United Heavy Lift have formed Thorco Projects.
Breakbulk carriers
Creditors offer Rickmers Maritime relief in difficult market
Bruce Barnard, Special Correspondent |
Rickmers Maritime Trust has received an offer from its leading lenders of a restructured secured amortizing term loan facility.
Breakbulk carriers
Rickmers Maritime loss soars in weakening charter market
Bruce Barnard, Special European Correspondent |
Rickmers Maritime said its charter fleet faces even tougher times ahead following the opening of the widened Panama Canal as its second-quarter loss more than tripled and its charter revenue was down more than a third from a year earlier.
Breakbulk carriers
Germany’s Rickmers, ER Capital mull ship-management merger
Bruce Barnard, Special Correspondent |
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.
Breakbulk carriers
Breakbulk News
Rickmers posts higher revenue, earnings — and bottom line loss
Bruce Barnard, Special Correspondent |
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.
Breakbulk carriers
AAL, Peter Dohle launch semi-liner service
JOC Staff |
AAL and Peter Döhle Schiffahrts-KG will launch a joint semi-liner service using multipurpose vessels with heavy-lift capability between Asia, the Middle East and Europe.
Breakbulk carriers
Rickmers Maritime sinks to loss
Bruce Barnard, Special Correspondent |
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.
Breakbulk carriers
Rickmers restates 2015 forecast following bond slump
Bruce Barnard, Special Correspondent |
Rickmers Group has reiterated its 2015 results forecast in response to the recent slump in its corporate bond.
Breakbulk carriers
Three former NYK, 'K' Line execs charged in ro-ro price-fixing case
JOC Staff |
Three former “K” Line and NYK executives have been indicted for alleged participation in a scheme to rig bids and fix prices for international shipments of roll-on, roll-off shipments to and from the United States.
Breakbulk carriers
Rickmers profit rises by double-digits
Bruce Barnard, Special Correspondent |
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.
Breakbulk carriers
Rickmers converts from a KG to corporation; possible IPO prelude
Bruce Barnard, Special Correspondent |
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.
Breakbulk carriers
Rickmers profit stalls, revenue falls
Bruce Barnard, Special Correspondent |
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.
Breakbulk carriers
Rickmers Maritime slides into the red in 2014
Bruce Barnard, Special Correspondent |
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.
Breakbulk carriers
Baltic Reefers acquires NYK’s reefer division
Grace M. Lavigne, Associate Web Editor |
Baltic Reefers will acquire NYKCool from NYK Reefers, the refrigerated shipping segment of Japanese shipping giant NYK Line on Sept. 1.
Breakbulk carriers
Cool Cargo News
Rickmers-Linie (America) names new president, CEO
Grace M. Lavigne, Associate Web Editor |
Rickmers-Linie has named Waldemar “Val” Poulsen as president and CEO of Houston-based Rickmers-Linie (America), effective July 1.
Breakbulk carriers
Widdows Out as Rickmers Group CEO
Bruce Barnard, Special Correspondent |
Ron Widdows, the high-profile U.S. chief executive officer of Rickmers Group, will step down from his post tomorrow, May 1, the leading German shipowner announced today as it posted its 2013 results.
Breakbulk carriers
Rickmers Maritime Trust Sets Up Corporate Bond Program
JOC Staff |
Rickmers Maritime Trust has established a Singapore $300 million (about US$240.5 million) corporate bond program to fund capital expenditure.
Breakbulk carriers
Rickmers Boosts Bond as Profit, Revenue Shrink
JOC Staff |
Rickmers Group is adding €75 million (about US$103.4 million) to its €175 million corporate bond issued in June.
Breakbulk carriers
Rickmers Teams Up With US Investor to Buy Container Ships
JOC Staff |
Rickmers Group, the German shipowner, has established a joint venture with funds linked with U.S.-based Apollo Global Management to buy container ships.
Breakbulk carriers
Rickmers Maritime Rights Issue Oversubscribed
JOC Staff |
Breakbulk carriers
Rickmers Holding Issues 200 Million Euro Bond
JOC Staff |
Breakbulk carriers
Rickmers-Linie Adds 10th Ship to Pearl String Service
JOC Staff |
Rickmers-Linie has added a 10th vessel on its eastbound round-the-world Pearl String Service, which connects Europe, Asia and North America, as part of its continuing investment program.
Breakbulk carriers
Rickmers-Linie Charters Vessel for Middle East, India Fleet
JOC Staff |
Rickmers-Linie has decided to charter into its fleet the 19,100 deadweight ton, 2012-built Pacific Winter.
Breakbulk carriers
Rickmers-Linie Expands Philadelphia Service
JOC Staff |
Rickmers-Linie will expand its service at the Port of Philadelphia with the addition of a westbound service connecting Asia, South America and North America...
Breakbulk carriers
Rickmers Joins With Oaktree to Order Eight Container Ships
JOC Staff |
Breakbulk carriers
BBC Chartering USA Appoints New President
x |
BBC Chartering & Logistic on Sept. 3 named Per Petersen president of BBC Chartering USA. <br /> <br />
Breakbulk carriers
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