Real test of Gemini hub and spoke model yet to come, says Maersk
Early signs may be positive for the Gemini Cooperation’s “hub and spoke” model, but head ...
© Erin Cadigan
By Mike Wackett
Unsecured creditors of bankrupt panamax containership owner Rickmers Maritime Trust (RMT) will each receive just 11.4% of the amount they are due.
This will come from the final proceeds of $27m, according to an update on the winding-up process.
The trustee manager of Singapore-headquartered RMT announced it had completed the sale of the remaining fleet of nine vessels to Greek shipowner Navios, secured against mortgages from HSH Nordbank and DBS Bank.
A total of $54m, plus operational expenses, was paid by Navios, which, ...
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