Ernst Russ AG Expands with Acquisition of Four Tankers

Ernst Russ AG, a Hamburg-based shipowner, has announced the acquisition of four Intermediate-class chemical/product tankers. These vessels, with a capacity of 18,500 dwt, are part of the company's strategic growth plan. Each vessel comes with fixed charters lasting at least five years, contributing to a USD 126 million increase in the firm's charter backlog.

Constructed at China’s Wuhu Shipyard, the tankers boast high-quality MarineLINE-coated tanks and are methanol-ready, aligning with ESG standards. Their Ice Class 1B rating and Great Lakes capability offer access to niche markets.

The vessels will be delivered between late 2026 and mid-2027. Ernst Russ AG's venture into the tanker segment aims to diversify their portfolio, ensuring financial stability and enhanced market appeal.