Rickmers Maritime Trust (RMT) has confirmed that it has disposed of another of its modern containerships.

The Singapore-listed company said the 5,060-teu Kaethe C Rickmers (built 2004) had been sold, but gave no financial details.

Net proceeds from the sale will be applied towards the payment of operating costs of the secured vessels under senior loan facilities extended by HSH Nordbank and DBS Bank.

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