Ernst Russ has reported revenues of EUR 118.8 million and an operating profit (EBIT) of EUR 47.9 million for the first nine months of 2026, the company’s latest figures show, as published by reports on 12 November 2026. The Hamburg-based shipowner has also moved into the tanker sector in recent months, taking delivery of the first product/chemical tankers for its fleet.
The headline numbers, EUR 118.8 million in revenues and EUR 47.9 million in EBIT for the January to September period of 2026, were presented in the company update. Taken together, the two figures imply a strong operating return for the period; the reported EBIT represents roughly 40.3% of the stated revenues.
Tanker acquisitions and entry into a new segment
Ernst Russ completed the takeover of MT Frankie Russ in September, marking the introduction of product/chemical tonnage to the group’s fleet, and followed this by taking delivery of the sistership MT Farrie Russ at the end of October. These two vessels are described as the first product/chemical tankers to enter service under the company’s ownership.
Backlog and commercial outlook
The company’s charter backlog has risen by around 38%, a figure cited in the report; the update frames this growth alongside the arrival of the new tankers. The increase in contracted work for the fleet is presented as a material change in the company’s near-term revenue visibility.
Ernst Russ is identified in the report as a Hamburg-based shipowner, and the timing of the tankers’ handovers is given as September for MT Frankie Russ and late October for MT Farrie Russ. The vessels’ introduction follows the firm’s recent decision to expand into tanker operations, with the first two units now operational.
The company statement, as summarised by reports, places the financial results and the fleet additions in the same announcement, linking the group’s improved charter backlog and the commencement of tanker operations to its current commercial activity. The report dated 12 November 2026 supplies the figures and delivery timing used in this account.
Taken together, the figures and the vessel deliveries outline the shape of Ernst Russ’s business through the first three quarters of 2026: revenues of EUR 118.8 million, an EBIT of EUR 47.9 million, the commissioning of two product/chemical tankers and a near 38% rise in charter backlog, all recorded in the company’s update as reported on 12 November 2026. The consequences for fleet composition and earnings in the quarters ahead will depend on how the newly acquired tankers are deployed under the enlarged charter programme.