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Friday, December 15, 2017

Rickmers Group News

Sappio Appointed President & CEO of Rickmers Americas

Robert Sappio

The Rickmers Group has appointed Robert Sappio to the position of President and CEO of Rickmers Americas. He will report to Ronald D Widdows, CEO of Rickmers Holding. Sappio will be responsible for all aspects of Rickmers Group’s business in the Americas: including Rickmers-Linie (America) which is based in Houston, Texas, and the Maersk-Rickmers US Flag joint venture, which operates multi-purpose heavy lift cargo ships. For the Rickmers-Linie business, Mr Sappio will also report to Ulrich Ulrichs and Rüdiger Gerhardt…

Change in Rickmers Executive Board

Following 10 years with the Rickmers Group and after the successful conclusion of financing agreements for the Rickmers Group’s newbuilding programme consisting of container and multi-purpose vessels, Dr Moritz Mittelbach has stepped down as CFO and Managing Director of Rickmers Holding GmbH & Cie KG and Pacific Holdings International GmbH & Cie KG with effect from 31 January 2011 at his own request. With his expertise, Dr Mittelbach successfully guided the Rickmers Group through the difficult phase of the financial and shipping crisis; he will continue to bring his experience to bear by serving the company in an advisory role. The Executive Board thanks Dr Mittelbach for his important contribution.

Rickmers Linie extends its executive board

Ulrich Ulrichs.

Rickmers-Linie, part of Hamburg’s Rickmers Group, has extended its executive board. Rüdiger Gerhardt has been appointed Managing Director and Ulrich Ulrichs becomes Deputy Managing Director. Mr Gerhardt has been working for Rickmers since 1978. Previous to his new position, he was Director for Human Resources, Administration and Finance. His new role will also include leading the business division “Logistics Services“ at Rickmers Group. Mr Ulrichs has been in charge of Line Management since 2005 and has been Director of this division since 2008.

Rickmers Group Celebrates Vessel Naming

The Rickmers Group celebrated the naming of the latest addition to its fleet, the 4250-TEU container vessel Marte Rickmers. Marte von Have, wife of lawyer Harro von Have from Hamburg, acted as the sponsor of the vessel. The naming ceremony took place in the presence of more than 100 guests, business partners of the Rickmers Group, customers of Rickmers-Linie and representatives from the shipyard. Under the terms of an eight-year time charter agreement with the French operator CMA CGM, the ship will operate under the name CMA CGM Azure. It will be employed initially in the French company’s liner service between the Far East and the Mediterranean. Marte Rickmers is the third vessel out of a series of 21 ordered from Dalian by Rickmers Group. With a length of 802 ft.

Widdows to Lead Rickmers

Ron Widdows to take over from Jan B Steffens as CEO of Rickmers Holding and Rickmers-Linie. After ten very successful years with the Rickmers Group and especially, with Rickmers-Linie, Jan B Steffens will by 31 March 2012 step down from the twin positions of CEO of Rickmers Holding and of Rickmers-Linie although he will continue to serve on the Rickmers Group advisory board. Ronald D Widdows, former CEO of NOL/APL, is to become the new Chief Executive Officer of Rickmers Holding and Rickmers-Linie as of 1 April 2012. Rickmers’ Chief Financial Officer Dr Ignace Van Meenen will act as his deputy. Announcing this change, Bertram R C Rickmers…

HSH Nordbank Rejects Rickmers Restructure

Photo: Rickmers Group

Board of HSH Nordbank AG has surprisingly denied approval of the term sheet regarding the financial restructuring of the Rickmers Group, says a press release from the group. Rickmers Holding AG strives for restructuring in self-administration on the basis of continuation of the business and vessel operations, the release said. On 19 April 2017, Rickmers Holding AG reached an understanding with, inter alios, HSH Nordbank AG on a term sheet regarding the restructuring of material…

Rickmers 9M Revenue Slips

Courtesy Rickmers Group

Hamburg, 11 November 2016 – In the first nine months of 2016, the Rickmers Group generated consolidated revenues of € 373.6 million. This represents a decline of 15 percent versus the previous year’s period (€ 439.7 million). This fall is due mainly to the persistently strained market situation through the expiry of further high-margin charter contracts, temporary fleet idleness and follow-on charters at current low market rates. Furthermore, lower revenues from freight and a stronger fall in capacity utilisation in the project cargo area also had a negative impact.

Rickmers Group Revenue Slides in First Half of 2016

In the first half of 2016 the Rickmers Group generated consolidated revenues of €249.3 million ($279 mln), 13.9 percent lower than in the corresponding period in 2015 (€289.6 million, $324 mln). The main underlying factors are the persistently strained market situation, expiring high-margin charter contracts, follow-on charters at the prevalent low market rates, lower freight earnings, and a sharper decline in capacity utilization in the project cargo business. The Group’s operating result before interest, taxes, depreciation and amortization (EBITDA) saw a clear fall of 36.1 per cent to € 87.7 million ($98.2 mln)  (H1 2015: € 137.4 million) ($153.87 mln )…

Newbuild Containerships Delivered to Rickmers

The Rickmers Group informs it has taken delivery of the first two in a series of three 9,300 TEU newbuilds acquired by the group in April while already under construction. The containerships were built at the South Korean STX shipyard and are on long-term charter to CMA CGM. The first of the three ships is the seventh vessel to carry the name R.C. Rickmers, which can trace its heritage back to the founder of the Rickmers Shipyard, and is a reference to the history and shipping tradition of the Rickmers family. Rickmer Clasen Rickmers opened a shipbuilding workshop in Bremerhaven in 1834. Dr. Ignace Van Meenen, Rickmers Group CEO, said, “The seventh R.C. Rickmers, a newbuild that has just been delivered, is a modern, large and energy-efficient containership. The new R.C. The first R.C.

Rickmer's Group Worth $740 Million

Rickmers Group fleet value, from March 21, 2016 (Source: VesselsValue)

Following last month’s news that Singapore Based Rickmers Maritime Trust is to be wound up, Rickmers Holding AG released a statement on April 19 reporting that an understanding had been reached regarding restructuring of the Rickmers Group. It is understood that sole shareholder Bertram Rickmers will reduce his shareholding to below 25 percent, while the remaining 75 percent will be taken by lenders and bondholders. The value today of the Rickmers Group (a Rickmers Holding AG subsidiary) sits at $740 million, according to VesselsValue.

Telemar Broadband SatComms for Rickmers Fleet

The Telemar Group through its German subsidiary Telemar GmbH is to provide broadband satellite communication for the entire Rickmers fleet. The Rickmers Group, operating a fleet of 102 vessels, is a diversified group with activities in the business fields of ship owning and ship management, liner shipping, investment and real estate as well as maritime related services. Today, the Rickmers Group employs more than 3,200 crew on board and more than 450 staff ashore worldwide. The contract encompasses satellite airtime through Telemar’s partner Vizada until the end of 2014. Moreover, Telemar will - in a turnkey approach - deliver and install a customized hardware solution including Thrane & Thrane FB500 terminals as per Rickmers’ specifications…

Ulrich Ulrichs is Appointed Managing Director of Rickmers-Linie

Ulrich Ulrichs, Managing Director

Rickmers-Linie, part of Hamburg’s Rickmers Group, has promoted Ulrich Ulrichs to the position of Managing Director. Mr Ulrichs joined Rickmers-Linie in 2005 when he took over responsibility for Line Management. In 2008 he became Director of this division before being appointed Deputy Managing Director in August 2011. Mr Ulrichs will work alongside Rüdiger Gerhardt, who has held the title of Managing Director since 1 July 2011 as well as Head of Logistics Services for the Rickmers Group.

Rickmers-Linie Sold to ZEABORN

Photo: Rickmers Group

Marking further consolidation in the breakbulk and project cargo sector, Rickmers Group said it has sold its business operations of Rickmers-Linie to ZEABORN. Rickmers-Linie GmbH & Cie. KG and MCC Marine Consulting & Contracting GmbH & Cie. KG, which are both fully-owned by Rickmers Holding AG, reached agreement to sell their respective operating businesses to ZEABORN Chartering GmbH & Co. KG on February 7, 2017. The planned sale, subject to the approval of the financing banks of the Rickmers Group and subject to anti-trust authorities…

Rickmers ChristensFour Containerships

Photo: Rickmers

Even for Hyundai Heavy Industries (HHI), the world’s largest shipyard group, it was a remarkable occasion. In a quadruple naming ceremony at HHI’s Ulsan shipyard on July 2, Rickmers Group christened four ultra-large container ships (ULCS) of 13,100 TEU each. Each of the four ships, Pearl Rickmers, Ruby Rickmers, Aqua Rickmers and Coconee Rickmers, has a service speed of 24.3 knots. They have been chartered longterm to Maersk Line and will join Maersk’s “E-class” as Maersk Edinburgh, Maersk Emden, Maersk Eindhoven and Maersk Essen.

Rickmers Implements Energy Management System on Five Ships

One of the first Rickmers vessels to implement ABB’s EMMA Energy Management system is Rickmers Singapore, which operates on Rickmers-Linie’s scheduled Pearl String round-theworld service. She is seen here navigating the Houston Ship Channel.

The Rickmers Group is to implement the ABB EMMA Energy Management system, which is provided by ABB – a worldwide  power and automation technology group. EMMA will help the ship management teams at Rickmers to operate its ships at a maximum level of energy efficiency and to save fuel. Facing changing markets and increasing price pressures, Rickmers expects the system to improve profitability and reduce the overall environmental footprint. “With the implementation of an energy management system aboard our ships…

New CFO for the Rickmers Group

 Dr Ignace Van Meenen has taken up the position of Chief Financial Officer (CFO) of the Rickmers Group.

Dr Ignace Van Meenen has taken up the position of Chief Financial Officer (CFO) of the Rickmers Group effective 1 October 2011. In this function, Dr Van Meenen will press ahead with the realignment of the group of companies to enable it to respond faster and more flexibly to the demands of changing shipping markets. Holding a doctorate in law, Dr Van Meenen began his professional career in the investment division of Deutsche Bank in the USA and Germany. There followed various…

New CFO for the Rickmers Group

Dr Ignace Van Meenen

Dr Ignace Van Meenen has taken up the position of Chief Financial Officer (CFO) of the Rickmers Group effective 1 October 2011. In this function, Dr Van Meenen will press ahead with the realignment of the group of companies to enable it to respond faster and more flexibly to the demands of changing shipping markets. Holding a doctorate in law, Dr Van Meenen began his professional career in the investment division of Deutsche Bank in the USA and Germany. There followed various…

Christening of Rickmers Shanghai Celebrated in Shanghai

Shanghai. Sinotrans Group, was the godmother of Rickmers Shanghai. business of Rickmers-Linie. sailing to the Far East and China. Shanghai has been officially representing Rickmers-Linie in China. The ceremony offered guests guided tours onboard Rickmers Shanghai. handling equipment. most modern MPC vessels in the market. String Service. delivered it to Philadelphia in June this year. platforming reactor of 57 m length with a unit weight of 279 tons. Shanghai on her China/Far East rotation. the second intended for loading purposes. Saylemoon Rickmers.

Rickmers Raises 2015 Forecast

Rickmers Group published its Half-Year 2015 results, reporting that the company increased its revenues in the first half of 2015 by 6.6 percent from €271.1  million ($301 million USD) to €289.6 million ($321 million), despite the persistently strained market situation and a number of charter contracts up for renewal. The consolidated operating result before interest, taxes, depreciation and amortisation (EBITDA) improved by a considerable 35.4 percent to €137.4 million ($152.3 million)  (H1 2014: € 101.5 million). This clear increase in the operating result is due to the successful implementation of the sustainable cost-management programme in particular at Rickmers-Linie, and is also attributable to favourable exchange-rate effects following the rise in the value of the U.S. dollar.

Heavy Lift: Massive Gas Turbine Shipped to Turkey

Rickmers-Linie was entrusted with the transport of this 485-metric-ton gas turbine made by Siemens for a power plant project in Turkey. (Photo: Hero Lang for Rickmers-Linie)

A special loading operation has taken place in Bremerhaven, involving Rickmers-Linie’s MV Rickmers Hamburg, a 485-metric-ton Siemens gas turbine, a 465-metric-ton Siemens generator and German project freight forwarder Bertling. Not only did the operation involve the transport of the largest gas turbine ever manufactured by Siemens, it also marked the first call of this class of Rickmers-Linie ship – a 30,000dwt multipurpose heavy lift vessel – in Bremerhaven, the place where the Rickmers Group was founded in 1834.

Rickmers Establishes Korea Subsidiary

Rickmers-Linie, the Hamburg-based specialist for breakbulk, heavylift and project cargo, is expanding its network of own subsidiaries in Asia and will establish a new subsidiary, Rickmers (Korea) Inc, in Seoul effective November 1, 2007. “With its export oriented industry and as a significant location for shipping and related industries, Korea is one of our key markets in the Far East. Thus it was a logical decision to establish our own office in Seoul. The new subsidiary will primarily take over the role of Rickmers-Linie’s agent in Korea and moreover will be the representative office for Rickmers Group in Korea,” explained Gerhard Janssen, General Manager Marketing & Sales at Rickmers-Linie.

Rickmers Shipmanagement Get DNV GL '5-Star' Recognition

Certificate presentation: Photo DNV GL

DNV GL inform that Torsten Schramm, COO Division Germany, Middle East & Asia at DNV GL presented the certificate to Björn Sprotte, Global Head of Maritime Services, Rickmers Shipmanagement, at the at the DNV GL booth during the current SMM 2014. “By meeting the 5 Star Excellence requirements Rickmers Ship Management demonstrates its strong commitment to maximising the sustainability, energy efficiency and safety of its ships. Sustained investment in state of the art technology…

Rickmers Representative Boards Seized Containership

Rickmers Group reports that a representative of its company today has been allowed to board the seized container vessel Maersk Tigris, following an urgent request to Iranian authorities. The seized ship, managed by Rickmers Shipmanagement (Singapore), has a crew of 24 seafarers. The Rickmers representative has been able to establish that all seafarers are safe and on board the vessel. Given the current circumstances they are all in a good condition, the ship’s manager said. Maersk Tigris was seized by the Iranian Navy on Tuesday April 28 and has since been under control of the authorities. Iranian officials said the seizure is related to a cargo dispute with Maersk Line, the charterers of the vessel, which dates back to 2005.

Maritime Reporter Magazine Cover Dec 2017 - The Great Ships of 2017

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