Ernst Russ doubles down on tankers with Cargill-backed pair

German shipowner Ernst Russ has doubled down on its move into tankers, acquiring another two chemical and product tanker newbuildings in China and fixing both to Cargill. The Hamburg-listed group has added two 18,500 dwt sisterships to the four-vessel programme it unveiled in April, taking its fast-emerging tanker fleet to six ships. The latest pair … Read full article →