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EQS-News: Ernst Russ Group acquires 2,194 TEU container ship FRIDA RUSS

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Thursday, May 11, 2023

TEU, Eimskip, Rejuvenation, Icelandic, Intermodal freight transport

May 2023 - The Ernst Russ Group acquires a 2,194 TEU container ship and expands its fleet to 31 vessels.

Key Points:

May 2023 - The Ernst Russ Group acquires a 2,194 TEU container ship and expands its fleet to 31 vessels.
Today, the Ernst Russ Group took over a container ship with a capacity of 2,194 TEU which, as of today, will sail under the name "FRIDA RUSS".
With this investment, the Ernst Russ Group is further expanding its shipping portfolio and contributing to the desired rejuvenation of the group's own fleet.
Just recently, the Ernst Russ Group acquired the container ship "Bakkafoss" with a capacity of 1,025 TEU in a joint venture with the Icelandic shipping company Eimskip.

EQS-News: Ernst Russ AG: Another successful financial year

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Wednesday, March 22, 2023

TEU, ER, Annual, Tax, Supervisory board, EBIT, Section 27 of the Canadian Charter of Rights and Freedoms, RTÉ Executive Board, Eimskip, Annual report, Income Tax Act, EUR

Hamburg, 22 March 2023 - Ernst Russ AG again looks back on a successful financial year.

Key Points:

Hamburg, 22 March 2023 - Ernst Russ AG again looks back on a successful financial year.
In an economic environment characterised by war, crises and transformation the Ernst Russ Group achieved a positive operating result.
Operating earnings (EBIT) of Ernst Russ Group showed very positive trends overall and amounted to EUR 90.1 million (previous year: EUR 30.8 million).
In light of this, we are expecting the Ernst Russ Group’s consolidated revenue to range from EUR 180 million to EUR 200 million in the 2023 financial year.

EQS-News: Ernst Russ AG: Acquisition of 1,025 TEU container vessel Bakkafoss

Retrieved on:

Thursday, March 16, 2023

TEU, Intermodal freight transport, Eimskip

Hamburg, 14 March 2023 - A joint venture between Eimskip and Ernst Russ AG acquired a second-hand vessel.

Key Points:

Hamburg, 14 March 2023 - A joint venture between Eimskip and Ernst Russ AG acquired a second-hand vessel.
The container vessel to be named Bakkafoss with a slot capacity of 1,025 TEU was built in 2009 and is chartered out to Eimskip for a period of up to three years.
With this investment the partners enlarge their successfully operated ship portfolio.
The delivery of the vessel is scheduled for the second quarter of 2023.

Flight Simulator Market Size to Reach USD 12.39 Billion in 2030| Emergen Research

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Tuesday, January 3, 2023

VANCOUVER, BC, Jan. 3, 2023 /PRNewswire/ -- Flight simulator market size reached USD 6.90 Billion in 2021 and is expected to register a CAGR of 6.7% during the forecast period, according to latest analysis by Emergen Research .

Key Points:

VANCOUVER, BC, Jan. 3, 2023 /PRNewswire/ -- Flight simulator market size reached USD 6.90 Billion in 2021 and is expected to register a CAGR of 6.7% during the forecast period, according to latest analysis by Emergen Research .
Increasing air passenger traffic has necessitated the inclusion of new flight frequencies and the reduction of extra loads by commercial pilots.
Flight simulator market is expected to register a CAGR of 6.7% over the forecast period and revenue is projected to increase from USD 6.90 Billion in 2021 to USD 12.39 Billion in 2030.
In addition, significant investments in research & development activities are another key factor driving the market revenue growth during the forecast period.

Flight Simulator Market Size to Reach USD 12.39 Billion in 2030| Emergen Research

Retrieved on:

Tuesday, January 3, 2023

VANCOUVER, BC, Jan. 3, 2023 /PRNewswire/ -- Flight simulator market size reached USD 6.90 Billion in 2021 and is expected to register a CAGR of 6.7% during the forecast period, according to latest analysis by Emergen Research .

Key Points:

VANCOUVER, BC, Jan. 3, 2023 /PRNewswire/ -- Flight simulator market size reached USD 6.90 Billion in 2021 and is expected to register a CAGR of 6.7% during the forecast period, according to latest analysis by Emergen Research .
Increasing air passenger traffic has necessitated the inclusion of new flight frequencies and the reduction of extra loads by commercial pilots.
Flight simulator market is expected to register a CAGR of 6.7% over the forecast period and revenue is projected to increase from USD 6.90 Billion in 2021 to USD 12.39 Billion in 2030.
In addition, significant investments in research & development activities are another key factor driving the market revenue growth during the forecast period.

DGAP-News: Ernst Russ AG: Acquisition of a 1,300 TEU container vessel

Retrieved on:

Thursday, August 26, 2021

Eimskip, Mission statement, Security (finance), Holding company, Accounting

Hamburg, 26 August 2021 - A subsidiary of Ernst Russ AG acquired a 2010 built container vessel with a total capacity of around 1,300 TEU from EF Eliza Ltd., a wholly owned subsidiary of ElbFeeder Inc.

Key Points:

Hamburg, 26 August 2021 - A subsidiary of Ernst Russ AG acquired a 2010 built container vessel with a total capacity of around 1,300 TEU from EF Eliza Ltd., a wholly owned subsidiary of ElbFeeder Inc.
Ernst Russ AG is holding a majority share in ElbFeeder Inc. of around 52%.
The selling company EF Eliza Ltd. was already fully consolidated in the consolidated financial statements of Ernst Russ AG.
With this transaction, the Ernst Russ Group will fully participate in the economic success of this vessel in the future.
About Ernst Russ Group: Ernst Russ AG is an international shipping company and maritime investment manager based in Hamburg.