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Ernst Russ AG: Acquisition of 1,025 TEU container vessel Bakkafoss

EQS-News: Ernst Russ AG / Key word(s): Acquisition
Ernst Russ AG: Acquisition of 1,025 TEU container vessel Bakkafoss
14.03.2023 / 08:27 CET/CEST
The issuer is solely responsible for the content of this announcement.

Hamburg, 14 March 2023 - A joint venture between Eimskip and Ernst Russ AG acquired a second-hand vessel. The container vessel to be named Bakkafoss with a slot capacity of 1,025 TEU was built in 2009 and is chartered out to Eimskip for a period of up to three years. With this investment the partners enlarge their successfully operated ship portfolio.

The delivery of the vessel is scheduled for the second quarter of 2023. The parties have agreed not to disclose the transaction details.

About Ernst Russ Group: Ernst Russ AG is an internationally operating ship owner and maritime investment manager based in Hamburg. Parts of the company date back to 1893. The Group currently manages a fleet of 29 fully consolidated vessels. The focus here is on container vessels with a capacity of between 700 and 6,600 TEU. Ernst Russ AG expands its fleet on an ongoing basis thus ensuring stable and sustainable added value for its shareholders.

Contact:

Ernst Russ AG
Anika Hillmer
Investor Relations
Tel. +49 40 88 88 1 1800
E-Mail: ir@ernst-russ.de


14.03.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

Language:

English

Company:

Ernst Russ AG

Elbchaussee 370

22609 Hamburg

Germany

Phone:

+49 (0)40 88881-0

Fax:

+49 (0)40 88881-199

E-mail:

ir@ernst-russ.de

Internet:

www.ernst-russ.de

ISIN:

DE000A161077

WKN:

A16107

Listed:

Regulated Unofficial Market in Frankfurt (Scale), Hamburg, Tradegate Exchange

EQS News ID:

1581421


 

End of News

EQS News Service

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