Search results for: Rickmers Holding

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  • 20 April 2017
    Business & Finance

    Hamburg-based containership owner Rickmers Group, a subsidiary of Rickmers Holding AG, has reached an agreement with its stakeholders on the group’s financial restructuring.  Under the restructuring plan, Bertram Rickmers, the group’s sole shareholder, would reduce his stake in Rickmers Holding AG from 100% to 24.9%. This would enable key creditors, HSH Nordbank AG, the bondholders […]

  • 1 June 2017
    Business & Finance

    Maritime services provider Rickmers Holding is facing insolvency after HSH Nordbank AG denied approval to the term sheet dated April 19, 2017 and rejected further negotiations of the restructuring. As a result, the term sheet, on the basis of which the bondholders’ meeting was convened, cannot be implemented anymore. According to the assessment of the management board […]

  • 8 August 2017
    Business & Finance

    Bremen-based shipping company Zeaborn Group has decided to buy five heavy lift vessels from Rickmers Holding, according to reports by several German media. The ships in question are Rickmers Singapore, Rickmers Jakarta, Rickmers New Orleans, Rickmers Seoul, all of them built in 2003, and Rickmers Dalian, constructed in 2004. They will be delivered to Zeaborn in […]

  • 11 January 2018
    Business & Finance

    Rickmers Holding has received an offer from SCHNIGGE Wertpapierhandelsbank SE related to the company’s bonds. 

  • 12 June 2017
    Business & Finance

    After it submitted an application for insolvency with the aim of restructuring, the German maritime services provider Rickmers Holding is looking to delist its bond issue. In a letter dated as of today, the company said that it has terminated the participation in trading of the bond 2013/2018 in the Prime Standard segment for bonds and […]

  • 1 June 2015
    Business & Finance

    Rickmers Holding GmbH & Cie. KG, parent of the shipping company Rickmers Group, is to become a stock corporation according to a decision made at today’s shareholders’ meeting. The entry in the Commercial Register of the new corporate form is expected to take place by the end of June 2015. Following this entry, the company […]

  • 8 September 2017
    Business & Finance

    Hamburg-based Rickmers Group, which filed for insolvency in June 2017, has received a nod to continue its business after Zeaborn Group and Bertram Rickmers bought its global ship management activities. A consortium comprising the two companies signed a purchase agreement regarding the takeover of the Rickmers Group’s activities, with its main sites in Hamburg, Singapore and […]

  • 14 April 2016
    Business & Finance

    Rickmers Holding AG and E.R. Capital Holding GmbH & Cie. KG are reviewing a potential merger of their shipmanagement units – Rickmers Maritime Services and E.R. Schiffahrt – into a global joint venture. The companies have signed a declaration of intent to create a new company that would manage around 220 vessels. The joint statement said that […]

  • 15 February 2012
    Business & Finance

    After ten very successful years with the Rickmers Group and especially, with Rickmers-Linie, Jan B Steffens will by 31 March 2012 step down from the twin positions of CEO of Rickmers Holding and of Rickmers-Linie although he will continue to serve on the Rickmers Group advisory board. Ronald D Widdows, former CEO of NOL/APL, is […]

  • 22 June 2017
    Business & Finance

    Danish container shipping major Maersk Line said that it doesn’t expect any impact of Rickmers Holding’s filing for insolvency on its operations. To remind, Rickmers had to file for insolvency after HSH Nordbank AG denied approval to the term sheet dated April 19, 2017 and rejected further negotiations of the restructuring. Out of Maersk’s total operated fleet consisting of […]

  • 4 November 2013
    Business & Finance

    Rickmers Holding GmbH & Cie. KG, parent of the Rickmers Group of shipping companies, has increased its corporate bond placed in June 2013 by 50 million Euros to 225 million Euros in a private placement to institutional investors. The notes have a maturity of five years and an annual coupon of 8.875 per cent. The […]

  • 30 August 2016
    Business & Finance

    Rickmers Holding AG and E.R. Capital Holding have decided not to pursue the merger of their ship management units – Rickmers Maritime Services and E.R. Schiffahrt – for the time being. Rickmers, a service provider in the maritime transport sector and a containership owner based in Hamburg and Singapore, and E.R. Capital Holding, a financial holding […]

  • 9 January 2013
    Business & Finance

    Rickmers-Linie expands its global presence with a new office in Singapore. Rickmers-Linie has established a new company Rickmers-Linie (Singapore) Pte Ltd to strengthen its presence in South East Asia. The new company will operate out of offices co-located with Rickmers Shipmanagement at 11 Keppel Road, Singapore. With effect from 1 January 2013, Rickmers-Linie (Singapore) has […]

  • 16 February 2011

    Following 10 years with the Rickmers Group and after the successful conclusion of financing agreements for the Rickmers Group’s newbuilding programme consisting of container and multi-purpose vessels, Dr Moritz Mittelbach has stepped down as CFO and Managing Director of Rickmers Holding GmbH & Cie KG and Pacific Holdings International GmbH & Cie KG with effect […]

  • 1 May 2017
    Business & Finance

    Hamburg-based shipowner Rickmers Group wrapped up 2016 with a net loss of EUR 341 million (USD 371.5 million), much widened than a net loss of EUR 135.5 million (USD 147.6 million) posted a year earlier. The company’s maritime assets segment suffered a net loss of EUR 271.1 million in 2016, against EUR 58.9 million in […]

  • 3 December 2012
    Business & Finance

    Funds advised by Oaktree Capital Management, LP and the global shipping major Rickmers Group are joining forces to invest in eight plus eight eco designed newbuild container vessels. Oaktree Capital Management LP is a leading global investment management firm focused on alternative markets with US$81 billion assets under management (as at 30 September 2012). Rickmers […]

  • 10 September 2012
    Business & Finance

    The Rickmers Group has appointed Robert Sappio to the position of President and CEO of Rickmers Americas. He will report to Ronald D Widdows, CEO of Rickmers Holding. Mr Sappio will be responsible for all aspects of Rickmers Group’s business in the Americas: including Rickmers-Linie (America) which is based in Houston, Texas, and the Maersk-Rickmers […]

  • 13 June 2017
    Business & Finance

    Container shipping giant Mediterranean Shipping Company (MSC) is taking steps to prepare for exposure which could emerge from Germany-based Rickmers Holding, after the company submitted an application for insolvency earlier in June. Following the announced insolvency of the Rickmers Group, MSC, which has three vessels from Rickmers under time charter, said that it is “actively monitoring the situation […]

  • 22 February 2011

    17 February 2011 saw the naming of two more 13,100TEU container vessels for Rickmers Group in Ulsan, Korea. Leo Rickmers and Scorpio Rickmers will come into service for their charterer Maersk Line as Maersk Edmonton and Maersk Elba. Leo Rickmers was named by Manuela Steffens, wife of Jan Boje Steffens, CEO and Managing Partner of […]

  • 3 December 2012

    Funds advised by Oaktree Capital Management, LP and the global shipping major Rickmers Group are joining forces to invest in eight plus eight eco designed newbuild container vessels. Oaktree Capital Management LP is a leading global investment management firm focused on alternative markets with US$81 billion assets under management (as at 30 September 2012). Rickmers […]

  • 10 February 2017
    Business & Finance

    Germany-based shipping company Zeaborn Group signed a deal to acquire business operations of compatriot liner services specialist Rickmers-Linie, owned by Rickmers Holding, on February 7, 2017. The planned sale also includes the entire operating business of Rickmers’ subsidiaries, MCC Marine Consulting & Contracting, a bunker and chartering broker, and NPC Projects, which was acquired by […]

  • 9 March 2017
    Business & Finance

    The Hamburg shipping company Claus-Peter Offen has decided to take over the Munich-based Conti Group following a shareholders agreement of the two companies. According to the terms of the deal, Offen is taking over 100% of the corporate shares of the Conti Group and the qualified majority of shares in the Bremer Bereederungsgesellschaft BBG. After the takeover, the […]