Rickmers' ship trust sees 2012 profits decline

Europe

Wednesday, February 27, 2013
   Rickmers Maritime, the Singapore-based ship-owning subsidiary of Germany’s Rickmers Group, saw its 2012 operating profits drop 32 percent year-on-year to $27.6 million.    Revenue dropped 3 percent to $144.3 million.    Rickmers is a business trust that owns and operates containerships under long-term, fixed-rate charters to global container liner companies. It owns 16 ships of between 3,450 and 5,060 TEUs of capacity chartered to five carriers, predominantly CMA CGM and MO...
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