Rickmers Maritime Trust (RMT) has no other option but to swallow the bitter pill of selling modern tonnage after bondholders rejected the company’s restructuring offer.
Chief executive Soeren Andersen said the disposal of “a ship or more” would come with “a bleeding heart” as the Trust is in need of cash.
As TradeWinds reported earlier today, only 103 votes were in favour of RMT’s proposal while 212 bondholders voted against.
Andersen
