Singapore Shipping Trust Seeks Restructuring on Debt Woes

Updated on
  • Rickmers Maritime says unable to repay borrowings due 2017
  • Adds to signs of debt stress among shipping, Singapore firms

A Singapore-based shipping trust that operates container ships is asking creditors for leniency on about $253 million of debt, in the latest sign of debt woes in the industry and in the city-state.

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