Rickmers Maritime targets second-hand boxship resales

By Marcus Hand in Singapore - Monday 24 March 2008

Rickmers expect more second-hand purchases

SINGAPORE-listed shipping trust Rickmers Maritime is eyeing second-hand boxship sale and lease back deals for its next phase of growth.

Having signed memoranda of agreement last week to acquire 13 newbuildings from Polaris, a unit of its sponsor Rickmers Group for $1.35bn, with delivery till 2010 by which time it would own 23 vessels, Rickmers M...

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