Ernst Russ Invests in Two Second-Hand Boxships

Germany’s ship manager Ernst Russ Group has acquired two second-hand containerships.

The two fleet additions feature 2,450 TEU and 2,785 TEU of capacity respectively and have an average age of around 12 years.

ABN AMRO – Global Transportation & Logistics provided financing for the acquisition, however, the price of the two ships was not disclosed.

The transaction was structured and carried out by Ernst Russ Maritime Management GmbH & Co. KG as the maritime asset manager of the Ernst Russ Group.

According to Ernst Russ, a company within the northern German maritime cluster has been given responsibility for the technical management of the ships, while another unidentified partner would be in charge of chartering the ships.

“After the successful acquisition of a larger ship portfolio in 2016, Ernst Russ Group expands the fleet of actively managed ships and continues to align itself as a partner for professional and institutional investors along the entire maritime value chain,” the company said.

The group manages a fleet of around 150 container, tanker and bulker vessels.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >