Ernst Russ has taken a significant step in its diversification strategy by entering the tanker segment through the acquisition of four modern IMO Type II chemical and product tankers.
The Hamburg-based shipowner said the vessels are Intermediate-class ships of 18,500 dwt currently under construction at China’s Wuhu Shipyard. The deal is expected to increase the Ernst Russ Group’s charter backlog by around $126 million.
The four newbuildings are positioned in the premium segment thanks to a technical specification aimed at combining flexibility, ESG performance and niche market access. Each vessel will feature 12 tanks with high-quality MarineLINE coating, allowing the transport of a wide range of cargoes including vegetable oils, petroleum products and chemicals.
The ships are also methanol-ready, a design feature intended to support long-term regulatory and environmental compliance. In addition, Ice Class 1B notation and Great Lakes capability will allow the vessels to access specialised markets with more restrictive entry requirements and potentially stronger rate structures.
The first two tankers are scheduled for delivery between the fourth quarter of 2026 and the first quarter of 2027. The remaining two are expected to be delivered between the first and second quarter of 2027.
Ernst Russ said the new vessels will support fleet rejuvenation and contribute to higher ESG standards, while the strengthened charter backlog should improve earnings visibility and predictability, enhancing the stock’s investment profile.
Co-CEO and chief commercial officer Joseph Schuchmann said the company sees strong structural attractiveness in the segment, pointing to limited supply, growing demand for modern tonnage and the competitive advantage created by access to niche markets with restrictive approval requirements. He said these factors form the basis for attractive long-term returns.
