European Cargo: grounded by financial pressure and an unforgiving market
European Cargo’s collapse appears to have been driven by a combination of rising operating costs, ...
Fresh from the disappointment of Rickmers Maritime Trust in Singapore being wound up, Hamburg-headquartered Rickmers Holdings has announced that its shareholding is set to be dramatically changed, with sole owner Betram Rickmers reduced to a 24.9% stake.
The group’s creditors and bondholders, led by HSH Nordbank, ...
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