By Mike Wackett
(The Loadstar) Beleaguered panamax containership owner Rickmers Maritime Trust (RMT) has pleaded with its creditors for help to restructure its debts.
Singapore-headquartered RMT posted a full-year 2016 net loss of $180m, after charter revenue of just $69m, and continues to carry an enormous debt pile.
It operates a fleet of 15 containerships of 3,450-5,060 teu, five of which are on long-term charter to MOL, five operate on the spot market and the remaining five are in lay-up.
According to vesselsvalue.com the live and demolition value of the RMT fleet has sunk to around $83m, compared with its mor…
Read the full article at: https://gcaptain.com/rickmers-plea-creditors-help-escape-going-debts-mount/