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Rickmers in deal with Oaktree for containerships

Transportation

Monday, December 03, 2012

Rickmers Group and the Los Angeles-based investment firm Oaktree Capital Management said Monday they have created a new venture to invest in containerships. Oaktree will fund eight or 16 new containerships that will be leased to a liner shipping company. Rickmers, which does not operate a liner service, but does have a fleet of roughly 90 containerships in its fleet on charter to companies, including Maersk Line, CMA CGM and MOL, will contribute expertise in ship build...

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