Rickmers seeks white knights

Rickmers seeks white knights

Embattled Rickmers Holding has appointed Macquarie Capital to try and get investors to come in and save the German shipping line.

At the start of the month Rickmers became the biggest shipping casualty since Hanjin, officially filing for insolvency on, in the wake of HSH Nordbank failing to approve its restructuring plan.

Chaired by Bertram Rickmers, the group currently own 33 live container vessels, with four more on order, as well as four dry bulkers and two vehicle carriers. The group is also a large vessel charterer, with a total combined chartered and owned fleet comprising of 114 vessels.

Rickmers has just unveiled a management shake-up as it fights for survival. Dr Ignace Van Meenen has resigned as CEO of Rickmers Holding, while a pair of long-term employees Frank Bünte and Holger Strack have been added to the management board of Rickmers Holding.

In its latest release, Rickmers stated: “The operational business and vessel operations of Rickmers Group (in particular ship management services) are running stable within the self-administration of the parent company of the Rickmers Group.”

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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1 Comment

  1. Adam Walencik
    June 19, 2017 at 11:31 pm

    Mission impossible .Good luck !