Singapore Stock Market News

Rickmers Maritime - Dividend suspended, chartering near cash-breakeven

StockFanatic
Publish date: Thu, 05 Nov 2015, 11:38 AM
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We had earlier flagged out the sustainability issue of RMT's dividends on 23 June in our morning meeting, and reiterated our analysis on the weak cash flow and challenging containership operating environment in our note on 14 Aug titled 'Is the current high-yield sustainable?'. We believe there is still significant downsides for RMT, while we can consider switching out to First Ship Lease Trust.
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