Ernst Russ adds feeder pair

Ernst Russ adds feeder pair

Germany’s Ernst Russ Group has aded to its fleet, acquiring a pair of containerships with a capacity of 2,450 teu and 2,785 teu.

Financing was provided by ABN Amro, although Ernst Russ did not reveal the purchase price for the vessels.

Technical management and commercial management have both been outsourced.

“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 company said in a statement.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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