Rickmers Maritime Trust says it will distribute 0.57 US cents (0.74 cents) per unit to unitholders for the third quarter and nine months ended 30 September 2010 (3Q2010), the same DPU as in 2Q2010.

The declared distribution, representing a payout of 13% of income available for distribution, will be paid to unitholders on 15 December 2010.

For 3Q, charter revenue remained stable at US$36.7 million, supported by the long-term, fixed-rate charters attached to 15 of the 16 vessels in Rickmers Maritime’s portfolio.

The slight year-on-year decline from the US$38.1 million reported in 3Q2009 was due to a smaller contribution from the 5,060-TEU containership Kaethe C. Rickmers.

Income available for distribution remained healthy at US$18.3 million in 3Q2010, against US$19.2 million in the corresponding period a year ago.

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