rickmers-maritime-trust

Boxship owner goes bust

Shipowner Rickmers Maritime Trust is to be wound up, victim of the Hanjin collapse last summer. Analysts VesselsValue said the value of its fleet fell by around 45% due to distressed market transactions following the collapse of Korean carrier. It also suffered because all its 14 vessels are in the Panamax class which has suffered due to the widening of the Panama Canal Locks. [+]