Ernst Russ AG has sold the container ship MV "Mirror". This ship, built in 2007, has a capacity of 803 TEU and is set to be delivered to the new owner in January 2027. The parties have agreed not to disclose the purchase price of this ship. Since the delivery of the ship will not take place until 2027, this sale will not affect the assets, financial status, and revenues of the fiscal year 2026.
Fleet Development Strategy
Earlier this year, the company also sold the container ships MV "EF Emira" and MV "EF Emma", and at the same time, is expanding its fleet with multipurpose ships and product and chemical tankers. The latest example of this expansion is the delivery of the new ship MT "Farrie Russ" on October 27, 2026. With these actions, Ernst Russ AG aims to create a diverse and modern fleet with a balanced risk profile across various shipping sectors, lease durations, and counterparties.
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Responding to Market Needs
Joel Schuchman, CEO and Head of the Commercial Division of Ernst Russ AG, stated: "The sale of the MV "Mirror" ship reflects our systematic and precise approach to the fleet development of Ernst Russ AG. This includes the timely separation from existing ships and the selective addition of new vessels to the fleet. We continuously monitor the market and evaluate sales and purchase opportunities." This approach helps the company improve revenue forecasting by strengthening long-term leases and managing existing risks.
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