Rickmers Group

This section is about a commercial organization. For other uses, see Rickmers.

Facts

The Rickmers Group is an international provider of services for the maritime industry, a vessel owner and an ocean freight carrier. The group's head offices are located in Hamburg and Singapore. The group of companies is divided in three segments: Maritime Assets, Maritime Services and Rickmers-Linie. Rickmers Holding AG is the parent company of Rickmers Group.

In the Maritime Assets segment the Rickmers Group acts as Asset Manager for its own vessels and also for those of third parties and is in charge of related shipping projects. In the Maritime Services business segment the Group provides ship management services, whereas 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.

Flag of the Rickmers Reederei

Figures

Rickmers Group operates a fleet of 130 ships with more than 1,720 seafarers and over 470 staff ashore (as at 31 Dec 2015). A total of 95 companies have been included in the consolidated financial statements in the year 2015.

History

The Rickmers family has been in the shipping industry for more than 180 years. Nucleus of the present day Rickmers Group was the Rickmers Werft (shipyard) founded in 1834 by Rickmer Clasen Rickmers in Bremerhaven. R.C. Rickmers was born in 1807 as the son of fisherman Peter Andreas and his wife Deike on Helgoland. “Fear God – act justly and dread no one” was his dictum in life when he went into business as a young shipbuilder.

Today, the brothers Bertram R.C. Rickmers and Erck Rickmers, fifth generation descendants of Rickmer Clasen Rickmers, operate two legally independent companies. Bertram R. C. Rickmers, who left the family firm in 1982, went into business in Hamburg as shipbroker and shipowner with establishing his first company (MCC Marine Contracting and Consulting). Two years later he founded the shipping company Schiffahrtsgesellschaft Reederei B. Rickmers GmbH & Cie. KG and put his first containership Patricia Rickmers into service in 1985.[1]

In the year 2009 the two brothers Bertram R.C. Rickmers and Erck Rickmers teamed up to celebrate 175 years of family history. The celebration included a reception at Hamburg’s City Hall hosted by that times city’s mayor Ole von Beust and a symposium with some of the world’s famous experts on geopolitics and economics. Speakers were historian and television presenter Niall Ferguson, Kishore Mahbubani, who was listed by Foreign Policy and Prospect magazines as one of the top 100 public intellectuals in the world, Nouriel Roubini, who was named as one of the “10 new gurus you should know” by the Fortune magazine, and Nassim Nicholas Taleb, whose book “The Black Swan, The Impact of the Highly Improbable” was the top non-fiction seller on Amazon in 2007. The panel was moderated by Martin Wolf, associate editor and chief economics commentator at the Financial Times.[2]

In the year 2015 Rickmers Group parent Rickmes Holding changed its legal form from limited partnership to stock corporation. Bertram R.C. Rickmers acts as Chairman of the supervisory board, with Rickmers Group CEO Dr. Ignace Van Meenen and CFO Prof. Dr. Mark-Ken Erdmann serving as members of the Rickmers Holding AG executive board.[3]

RICKMERS Bankrupt on end May 2017

The past fiscal year of 2016 ends with a loss of 341 million euros, the debt is around 1.5 billion euros. This also includes 275 million euros, which the investors of company have made available via a high-interest bond with a coupon of 8.875 percent.[4]

References
  1. Melanie Leonhard, Jörn Lindner: 175 Jahre Rickmers. Hoffmann & Campe, Hamburg 2009, ISBN 978-3-455-50111-7
  2. Janet Porter, Lloyd’s List, 12 June 2009, http://www.lloydslist.com/ll/sector/containers/article19939.ece
  3. David Osler, Lloyd’s List, 29 May 2015, http://www.lloydslist.com/ll/sector/finance/article462363.ece
  4. http://www.abendblatt.de/hamburg/article210760717/Reederei-Rickmers-kuendigt-Insolvenz-an.html German company Rickmers bankrupt after HSH Bank denied self sanation (in German)
  • Rickmers Group Annual Report 2014
  • Rickmers Group Half-Year Report 2015
  • Rickmers Group Annual Report 2015
  • Rickmers Group Half-Year Report 2016
  • Rickmers Group Website
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