Rickmers Maritime Trust (RMT) wound up

After suffering tough market conditions, Singapore listed Rickmers Maritime Trust (RMT) is not able to struggle any more and will be wound up. Rickmers Maritime Trust (RMT) is unable to reach an agreement with lenders to restructure its debt. Furthermore, Rickmers Maritime Trust (RMT) can not raise new equity to continue its operations. Situation is unsustainable.