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>

<< Aug 2019 >>
MTWTFSS
29 30 31 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

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >