Maersk, Rickmers End U.S.-Flagged Joint Venture

Maersk-Rickmers U.S. Flag Project Carrier,the joint venture between Maersk Line, (MLL) Limited and Rickmers-Linie (Americas), has been terminated.

The companies have revealed this information on the Maersk-Rickmer’s website with no further details about the reason of breaking-up, except that it was a mutual decision.

“We appreciated the opportunity to work with our many customers and partners, and we wish them fair winds and following seas,” it has been stated in the release.

The joint venture was established in September 2011 in order to offer heavy-break bulk and cargo shipping services with two new 19,000 DWT vessels, Maersk Illinois and Maersk Texas.

World Maritime News Staff, March 24, 2014; Image: Maersk-Rickmers