Funding threat to Rickmers boxship orders

Rajesh Joshi and Patrick Hagen - Tuesday 9 March 2010

RICKMERS Group’s ability to fund several unfinished containerships on order in China and South Korea is under threat as companies to which Rickmers intends to sell the ships struggle to find finance to complete the deals.
Sources have estimated Rickmers Group’s potential exposure on nine boxships intended for sale to Global Ship Lease a...

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