Container

Ernst Russ expects decline after downturn for container shipping

The normalization of the container market will continue to impact the business of German ship owner Ernst Russ in 2024, the company expects.
Robert Gärtner, CEO of ship owner Ernst Russ AG, expects lower charter rates to put pressure on the shipping company's earnings. | Photo: Ernst Russ
Robert Gärtner, CEO of ship owner Ernst Russ AG, expects lower charter rates to put pressure on the shipping company's earnings. | Photo: Ernst Russ
by JENS THOMSEN

The container market has returned to normal after the steep decline in the second half of 2022, and German ship owner Ernst Russ expects earnings this year to be significantly weaker than in 2023.

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