Ernst Russ Reports Revenues of EUR 118.8 million and EBIT of EUR 47.9 million in the first nine months of 2026

Just a few months after Ernst Russ entered the tanker segment, the first product/chemical tankers in its fleet are now in operation. In September, the Hamburg-based shipowner took over MT “Frankie Russ”, followed by her sister vessel MT “Farrie Russ” at the end of October. The charter backlog has increased by around 38% since the beginning of the year. Ernst Russ AG adjusted its forecast for the year 2026 in the third quarter and raised it once again after the reporting date.

At the same time, Ernst Russ AG continued to rejuvenate its portfolio. In the third quarter, the 2008-built feeder container vessel MV “EF Emma” was sold. Handover to the buyer is scheduled for the end of the fourth quarter of 2026. After the end of the quarter, this was followed by the sale of the 2007-built MV “Mirror”, with handover scheduled for January 2027.

Geopolitical tensions continued to shape shipping markets in the third quarter of 2026. While the major liner shipping companies largely returned to the Red Sea, most shipowners continued to avoid the Strait of Hormuz. Alternative solutions, congestion at key ports and typhoons in China tied up additional capacity. As a result, vessel capacity remained tight, and charter rates held at a high level, particularly in the container segment. Industry analysts expect a gradual normalisation once the geopolitical situation eases and more newbuildings enter service.

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