Breakbulk carriers

Von Taube will assume the role of director, Zeamarine, during the fourth quarter of 2018, taking over responsibilities from Irich Ulrichs, including Zeamarine's tramp and liner services.

Project cargo totaling 176,000 freight tons bound for the Gazprom Amur project in Russia will be shipped in five phases from 2018 through 2022.

Zeaborn, which was established in 2013, became a major player in the multipurpose shipping sector through the acquisitions of Rickmers-Linie.

Mining interests are once again upgrading and investing in activities that require inbound project cargo after years of merely status-quo maintenance.

Like much of global trade, pent-up demand and emerging market country development, among other economic fundamentals, bode well for the roll-on, roll-off sector’s growth prospects in the immediate years ahead, if the threat of tariffs subsides.

RollDock and SAL say pooling their dock vessels will improve vessel utilization, broaden coverage, and provide more options for customers.

The vessel rotation will include Auckland, New Zealand, and the Australian ports of Brisbane, Port Kembla, Melbourne, and Fremantle.

Germany’s Zeaborn Group has consolidated its presence in the heavy lift/project cargo shipping market.

Harren & Partner are aiming for “light-touch” integration with SAL Heavy Lift.

The trust manager of the company said it had sought approval to remove its shares in April.

The company said vessels operations, in particular its ship management services, are “running stable."

Rickmers Group filed for insolvency last week.

“The aim of the executive board is to work out a new restructuring solution together with creditors and making use of the tools of insolvency laws.”

HSH Nordbank has rejected further negotiations over the restructuring.

Rickmers urged all creditors to abstain from actions that may jeopardize or delay the orderly wind-up of the trust.

The court ordered bondholder Peter Kwok Kian Tow and Rickmers Maritime to exchange affidavits.

“The likely outcome of this situation, if not resolved, is liens and vessel arrests.”

The lower revenue also reflected a decline in the number of managed ships.

The deal was struck just more than a week after Rickmers Maritime announced it was winding up its business.

Bertram Rickmers has offered to give up control of Rickmers Holding.

Grimaldi is enhancing a service it began in 2015.

The Singapore-listed manager of a fleet of 14 Panamax vessels was unable to obtain the approval of bondholders.

The ships have been dubbed as the R-Class.

Rickmers Maritime Trust’s future became even bleaker Wednesday.

Rickmers Maritime failed to meet the final deadline for an interest payment today, further fueling doubts about the survival of the Singapore-based container ship owner.

Rickmers Maritime Trust failed to make an interest payment due Tuesday, pushing the Singapore-based Panamax container ship owner closer to the brink of insolvency.

Rickmers Maritime Trust cancelled Wednesday’s scheduled meeting of bondholders that was due to vote on a restructuring plan.

Saudi Arabia-based Bahri has opened a Houston office and is targeting the US Gulf and Mexico.

Breakbulk operator Thorco and United Heavy Lift have formed Thorco Projects.

Rickmers Maritime Trust has received an offer from its leading lenders of a restructured secured amortizing term loan facility.

Rickmers Maritime said its charter fleet faces even tougher times ahead following the opening of the widened Panama Canal as its second-quarter loss more than tripled and its charter revenue was down more than a third from a year earlier.

Germany’s Rickmers Holding and ER Capital Holding are weighing the merger of their ship-management units into a global joint venture with around 220 vessels.

Rickmers Group posted higher earnings and revenue, driven by the dollar’s rise against the euro, an increase in the number of ships under management, and cost cutting, but a write down in the value of its vessels resulted in a bottom line loss.

AAL and Peter Döhle Schiffahrts-KG will launch a joint semi-liner service using multipurpose vessels with heavy-lift capability between Asia, the Middle East and Europe.

Rickmers Maritime slumped to a $129.2 million loss in 2015 from a $16 million profit a year earlier on increased write offs on the value of its ships and depressed container charter rates.

Rickmers Group has reiterated its 2015 results forecast in response to the recent slump in its corporate bond.

Three former “K” Line and NYK executives have been indicted for alleged participation in a scheme to rig bids and fix prices for international shipments of roll-on, roll-off shipments to and from the United States.

Rickmers Group’s operating profit rose 35 percent in the first half, as its shipping unit returned to the black and a strong dollar boosted revenues.

Rickmers Holding has switched its legal status from limited partnership to stock corporation, paving the way for a potential initial public offering by Germany’s biggest container ship owner and manager, most likely in New York.

Rickmers Group’s net income stalled and revenue declined in 2014 but Germany’s leading container ship owner and manager continued to grow its fleet and restructured its loans.