Rickmers Trust Management Ptd. Ltd. was given the go-ahead to sell its remaining nine vessels to Navios Partners Containers and Navios Partners Containers Finance.
Rickmers Trust Management Ptd. Ltd. (RMT), the trustee-manager of Singapore-based containership lessor Rickmers Maritime, was given the go ahead by HSH Nordbank and DBS Bank to sell its remaining nine vessels to Navios for a total consideration of $54 million, plus an amount to support the settlement of operational cash deficits to closing, Rickmers Maritime said in a statement.
According to vesselsvalue.com data, the sale price was just above the ships’ scrap value and far below the market value of $67 million, maritime news outlet The Loadstar reported.
“After funding cash burn, operating expenses, and the settlement of costs associated with the winding up of the Trust, unsecured creditors are expected to receive total proceeds of approximately $27 million,” Rickmers Maritime said.
RMT secured the sale of the initial five vessels to Navios back in May for a total of $59 million.
Rickmers gets green light to sell remaining nine vessels
