Hamburg, 13 November 2024 - After the first nine months of 2024, the Ernst Russ Group ('ER Group') can report a successful business performance. Despite the stabilization of inflation and general economic growth, the shipping industry continues to face risks stemming from the ongoing escalation of regional conflicts, particularly in the Middle E [ … ]

Hamburg, 5 November 2024 - The Supervisory Board of Ernst Russ AG has decided to add an additional member to the Management Board. With effect from 1 December 2024, the Supervisory Board has appointed Joseph Schuchmann (30) as a new member of the Executive Board of Ernst Russ AG, with a term of office until 31 December 2026. Joseph Schuchmann has e [ … ]

Hamburg, 29 August 2024 - In the first half of 2024, the Ernst Russ Group benefited from the sustainable employment concept of its fleet in the international shipping market and continued its positive business performance as expected. International container shipping experienced a remarkable development in the first half of 2024. At the beginning  [ … ]

Ernst Russ AG: Publication of the acceptance rate for the scrip dividend in 2024 These materials are not an offer of the solicitation of an offer for securities for sale in the United States. The subscription rights and the shares referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended ("Securi [ … ]

Hamburg, 27 May 2024 - After the first three months of 2024, Ernst Russ AG can look back on a successful business performance despite ongoing geopolitical tensions. The net assets, financial position and results of operations remained stable in the first quarter of 2024. As expected, revenue decreased by EUR 1.3 million year-on-year to EUR 46.9 mil [ … ]

Hamburg, 27 May 2024 - After the first three months of 2024, Ernst Russ AG can look back on a successful business performance despite ongoing geopolitical tensions. The net assets, financial position and results of operations remained stable in the first quarter of 2024. As expected, revenue decreased by EUR 1.3 million year-on-year to EUR 46.9 mil [ … ]

Hamburg, 26 April 2024 - The Hamburg-based Ernst Russ Group sold the container feeder vessel MOVEON. MV MOVEON has a slot capacity of 868 TEU, a length of 135 meters and a width of around 23 meters. The container feeder vessel was built in 2001 by the Hamburg shipyard J. J. Sietas KG Schiffswerft. The Ernst Russ Group has operated the vessel toget [ … ]

Hamburg, 18 March 2024 - The Ernst Russ Group recorded a positive performance in its assets, financial position and earnings in 2023, although the financial year was marked by serious geopolitical conflicts and national and international economic weakness. In addition to the Russia-Ukraine war, the year 2023 brought further trouble spots with inte [ … ]