DGAP-News: Ernst Russ AG / Key word(s): Miscellaneous
Hamburg, 05 February 2021 - The Ernst Russ Group was successful in delivering its consolidation strategy to become a ship owner and a maritime investment manager in the 2020 financial year. It also successfully expanded and diversified its fleet in February 2021 with the acquisition of majority shares in two multi-purpose vessels. These are two project cargo vessels built in 2007, each with a deadweight tonnage of around 12,500 tons.
In December 2020, the Ernst Russ Group cooperating with strategic partners acquired two container vessels with a total capacity of 9,700 TEU. These transactions bring the total number of majority-owned vessels to 18. Together with 13 other vessels, in which Ernst Russ has significant shares, and the managed fund ships, the Ernst Russ Group manages a fleet totalling 71 vessels.
The Ernst Russ Group will continue to focus on the expansion of a valuable and stable vessel portfolio in the container, bulker, tanker and multi-purpose classes.
About the Ernst Russ Group: Ernst Russ AG is an international ship owner and maritime investment manager based in Hamburg. Parts of the company date back to 1893. The listed shipping company currently manages a fleet of 71 container, tanker, bulker, multi-purpose and other vessels. www.ernst-russ.de
05.02.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
Ernst Russ AG
+49 (0)40 88881-0
+49 (0)40 88881-199
Regulated Unofficial Market in Frankfurt (Scale), Hamburg, Tradegate Exchange
EQS News ID:
End of News
DGAP News Service