SINGAPORE (April 12): Rickmers Maritime, a Singapore-listed trust that operates container ships, said it would be wound up after it was unable to reach an agreement with its lenders to restructure its debt or raise new equity.

Rickmers said its failure to repay some debt obligations and various breaches in loan covenants cast material uncertainties on its ability to continue as a going concern.

"This situation places the trust in a situation of aggravated and unsustainable illiquidity going forward," it said in a statement on Wednesday.

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