Ernst Russ Buys Container Ship as it ‘Rejuvenates’ Fleet, Increasing to 31 Ships

Photo credit: Ernst Russ Group / Robert Gärtner, CEO

Germany´s Ernst Russ Group buys container ship as it ‘rejuvenates’ fleet. The latest acquisition takes the German tonnage provider to 31 vessels.

Ernst Russ Group took over a 2,194 teu container ship, which will sail under the name “Frida Russ”.

The vessel was built in Guangzhou, China in 2017 and is still chartered out for a remaining period of up to 20 months, with an option right for a further three months at market levels.

The schedule of the ship for the coming months envisages a South-Pacific trade for the Frida Russ with calls at Papua New Guinea, Fiji Islands, New Caledonia and Solomon Islands. The parties have agreed not to disclose the details of this transaction.

With this investment, the Ernst Russ Group is further expanding its shipping portfolio and contributing to the desired rejuvenation of the group’s own fleet.

Just recently, the Ernst Russ Group acquired the container ship “Bakkafoss” with a capacity of 1,025 TEU, in a joint venture with the Icelandic shipping company Eimskip.

Ernst Russ AG is an internationally operating ship-owner and maritime investment manager based in Hamburg, Germany. Parts of the company date back to 1893.