Ernst Russ AG Sells MV 'EF Emira', Ups Yearly Forecast

On May 21, 2026, Ernst Russ AG announced an increase in its projected EBIT for the year, now expected to range from EUR 45 million to EUR 55 million. This follows the sale of the 1,710 TEU container vessel MV "EF Emira," built in 2008. The handover of this vessel is anticipated in the third quarter of 2026. Details of the transaction, including the purchase price, remain confidential.

The divestment aligns with Ernst Russ's strategy to modernize its fleet, positioning for stronger growth through ESG-compliant vessels. This is part of their broader diversification strategy across multiple shipping segments, highlighted by recent acquisitions of multipurpose and intermediate-class tankers.

The forecast revision is also supported by favorable business performance in 2026 and existing charter agreements. The Ernst Russ Group's fleet utilization is expected to remain at approximately 97%, with an assumed USD/EUR exchange rate of 1.20.