Monday, January 21, 2008

Rickmers Maritime exercises purchase option for 'Ital Fiducia'

Rickmers Trust Management (RTM) trustee-manager of Rickmers Maritime has announced the exercising of the option to purchase 'Ital Fiducia' a 3,450-TEU container vessel.

The vessel is part of the additional fleet of five container vessels, as set out in the Initial Public Offering prospectus, dated 24 April 2007, and is expected to be delivered to Rickmers Maritime on February 1, 2008. The one-year old vessel is employed under an initial eight-year fixed rate time charter to Italia Marittima, with a remaining charter period of approximately seven years upon delivery to Rickmers Maritime. Italia Marittima is part of the Evergreen Group in Taiwan, and a wholly owned subsidiary of Evergreen Marine Corp, which is the world's fourth largest container liner shipping company.
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