Rickmers Holding AG i.I.
Corporate rating of Rickmers Holding AG of B- set on ‘watch’

Corporate rating of Rickmers Holding AG of B- set on “watch”
 

Hamburg, 19 April 2016

The rating agency Creditreform today set the B- corporate rating of Rickmers Holding AG, parent company of the shipping company Rickmers Group, on “watch”.

Creditreform justifies the rating with still on-going refinancing negotiations at the level of the Singapore subsidiary Rickmers Maritime, which is publicly listed on the SGX in Singapore. The annual report of the subsidiary Rickmers Maritime was published on 7 April 2016.
 

About the Rickmers Group
The Rickmers Group is an international service provider in the maritime transport sector and a containership owner with a global blue chip customer base. It is represented in its main offices in Hamburg and Singapore, in eleven countries and more than 50 sales agencies worldwide. The Group’s business activities are divided into three segments: Maritime Assets, Maritime Services and Rickmers-Linie.

In the Maritime Assets segment the Rickmers Group is active as Asset Manager for its own vessels and also for those of third parties. The Group initiates and coordinates shipping projects, organises financing and acquires, charters and sells ships. In the Maritime Services business segment the Rickmers Group provides shipmanagement services for its own vessels as well as for those owned by third parties; these services comprise technical and operational management, crewing, newbuild supervision, consultancy and insurance-related services. In the Rickmers-Linie business segment the Rickmers Group operates as a shipping line for breakbulk, heavy lift and project cargo, and additionally offers individual voyages.
 

Press inquiries:

Kirchhoff Consult AG
Jens Hecht
T: +49 (0)40 60 91 86 0
F: +49 (0)40 60 91 86 60
E: jens.hecht@kirchhoff.de