Ernst Russ AG
Ernst Russ expands and diversifies its fleet in a currently very positive market environment
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 Contact: Ernst Russ AG Anika Hillmer Investor Relations Tel. +49 40 88 88 1 1800 E-Mail: ir@ernst-russ.de
05.02.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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: | 1166118 |
End of News | DGAP News Service |