Rickmers Maritime will be delisted from the Singapore Exchange (SGX) tomorrow as the company will cease to exist.

The winding up process has been completed and the company said the payment made to creditors earlier this month was the final one.

Defunct Rickmers Maritime distributed $28.9m to creditors on 15 August, representing a recovery of about 12.1%.

It said in a statement today: “There will be no further distribution or payments, cash or otherwise, to the unsecured creditors of the Trust, including the holders of the SGD 100m ($74m) 8.45%.