Ernst Russ AG sells MV “Mirror”
Ernst Russ AG sold the container vessel MV “Mirror”. The vessel, built in 2007 with a capacity of 803 TEU, is scheduled to be handed over to its new owner in January 2027. The parties have agreed not to disclose the purchase price. As the handover will not take place until 2027, the sale has ...
Ernst Russ AG has sold the container vessel MV "Mirror". Built in 2007, this vessel possesses a capacity of 803 TEU. The transfer of ownership is set to occur in January 2027. The terms of the sale are confidential, with neither the buyer nor the seller revealing the purchase price. The handover is scheduled far enough in the future that the transaction will not affect Ernst Russ AG's financials for the 2026 fiscal year.
Earlier this year, Ernst Russ AG concluded the sale of MV "EF Emira" and MV "EF Emma". The company has been actively expanding its fleet by adding multipurpose vessels and product-/chemical tankers. A recent addition to the fleet is the newly delivered MT "Farrie Russ" on October 27, 2026. Through these actions, Ernst Russ AG aims to create a diversified, modern fleet with a balanced risk profile across various vessel segments, charter durations, and counterparties. Long-term charters serve to strengthen the charter backlog and predictability of revenues.
Joseph Schuchmann, Co-CEO and Chief Commercial Officer of Ernst Russ AG, stated, "The sale of MV 'Mirror' reflects the disciplined approach we take in developing the Ernst Russ AG fleet. This includes parting with existing vessels at the right time and adding new tonnage just as selectively. We continuously monitor the market and assess both sale and acquisition opportunities."
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