Demise of a Famous Name as Container Shipping Line Goes to the Wall

SINGAPORE – In November 2016 one of the oldest established names in the global shipping industry which can date its origins back to the 1830's, Hamburg based Rickmers Holding AG, issued a press release concerning the imminent demise of its Singapore based associate group Rickmers Maritime Trust (RMT), Singapore, the container vessel owning arm of trustee manager Rickmers Trust Management. The release went to great pains to point out that, due to the sale of the management company one month earlier the links between that operation and the holding company were almost entirely divorced from each other, with problems in Asia having no operational impact on the vessels owned by Rickmers Group.

Leave a Reply