The Ernst Russ Group has successfully completed another transaction and acquired two container ships with capacities of 2,450 TEU and 2,785 TEU and an average age of just under 12 years. ABN AMRO – Global Transportation & Logistics provided financing to Ernst Russ. Purchase price for the two container ships is undisclosed.
The transaction was structured and carried out by Ernst Russ Maritime Management GmbH & Co. KG as the maritime asset manager of the Ernst Russ Group. A company within the northern German maritime cluster has been given responsibility for the technical management of the ships. Another experienced partner will be in charge of chartering.
After the successful acquisition of a larger ship portfolio in 2016, Ernst Russ Group expands the fleet of actively managed ships and continues to align itself as a partner for professional and institutional investors along the entire maritime value chain.
The Ernst Russ Group is a publicly listed asset and investment manager with a focus on the maritime sector. It has a fleet of some 150 container, tanker and bulker vessels, which it manages actively or which are managed as fund ships by shipping partners. Its asset management portfolio comprises real estate, renewable energy and private equity assets, among others. The business of the Ernst Russ Group also includes fiduciary services and the structuring and management of alternative investment funds (AIFs). The companies in the Ernst Russ Group currently manage investments of approx. EUR 6.5 billion, in around 200 funds, primarily in the shipping, real estate and renewable energy sectors.