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    ER Schiffahrt: fleet growth in 2010 reaches record levels

    Company News // January 19, 2011

    ER Schiffahrt, the shipowner and ship management company based in Hamburg ended the year’s operations in 2010 with a new record: with 17 new vessels delivered, the company registered the greatest annual fleet growth since its foundation in 1998.

    A total of 14 bulk carriers with an aggregated cargo capacity of 2,024,000 tonnes were integrated into the fleet. All vessels are charted to large Far Eastern liner companies for between five and ten year terms.

    The fleet saw further growth with the addition of two anchor handling tugs and one platform supply vessel for servicing offshore oil and gas production.

    In the current year, 2011, ER Schiffahrt expects the delivery of six further bulk carriers and the first two of its eight 13,100-TEU container vessels. 2012 will see the further six container giants joining the fleet.

    Due to ongoing delays in completion and the resulting difficulties of safely securing charters for the vessels, ER Schiffahrt recently cancelled orders placed with the Korean shipyard Sekwang for four anchor handling tug supply vessels. However, the company is still planning a further expansion of its offshore fleet.

    "We are intensifying our offshore fleet operations in Brazil, a region in which better and longer charter conditions can be arranged," says Albert Schumacher, Chief Executive Officer at ER Schiffahrt. 


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