A number of Rickmers Maritime Trust (RMT) bondholders have teamed up in a bid to recover funds invested in the troubled containership leasing company.

The bondholders, who are said to number over 50, are seeking to exercise a so-called “acceleration” clause in the bond contract.

The group, made up of retires and local businessmen, are thought to hold around SGD 26m ($19.1m)