News / Troubled Rickmers denies scrapping seven-year-old box ship as charter market stays soft

Troubled non-operating container shipowner Rickmers Maritime Trust today denied it had scrapped a seven-year-old panamax containership.

Reports yesterday claimed it had sold the India Rickmers to shipbreakers, setting a new record for the youngest ever box ship scrapped.

In an announcement to the Singapore Stock Exchange, RMT said that, in connection with a potential debt settlement agreement, “the trust is considering, amongst other things, the sale of the vessel”.

But it added: “The negotiations in relation to the potential debt settlement agreement are ongoing and no sale of the ...