Rickmers – Apollo Joint Venture Acquires Six Hamburg Süd Vessels

A joint venture between Hamburg-based Rickmers Group and funds affiliated with Apollo Global Management, LLC has purchased six vessels from Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft (“Hamburg Süd”), a company of the Oetker Group, for USD 176 million.

The vessels have been chartered back to Hamburg Süd for a period of three years. The 2006-built Panamax-Reefer-Container Vessels have a capacity of 54,000 dwt each and are predominantly employed in the North-South Trades.

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Rickmers Group, February 18, 2014; Image: Hamburg Süd