AMWatch

Bondholders have become Rickmers' worst opponent

Bondholders have become an unforeseen powerhouse in the many restructurings of maritime companies. This is visible in the case of Rickmers Maritime and Rickmers Group which are currently fighting with bondholders.

Photo: PR-foto/Rickmers Maritime

SINGAPORE

It might seem like a paradox that Rickmers Maritime Trust, headed by CEO Søren Andersen, had to throw in the towel precisely as the container market started to regain faith in brighter days ahead and rates started to rise due to fewer vessels on the water.

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