Rickmers Maritime – A Fresh Beginning Awaits

Over 12 months of negotiations and uncertainty, Rickmers Maritime has finally reached an agreement with its lenders and sponsor, Rickmers Group. Who would have thought that the decision to acquire ships with long-term charters from the major liners during the good days could exert such a severe impact on the trust’s performance? After all, investors wanted not only yield but also growth during the boom, which led to the challenges shipping trusts face today in the form of deflated asset values and lease rates.

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