1 Min ReadHamburg-based Ernst Russ has entered into an agreement to acquire four modern IMO Type II chemical/product tankers of the Intermediate class - 18,500 dwt. The charter backlog of the Ernst Russ Group increases by approximately $126 million.The four newbuildings, being constructed at China’s Wuhu Shipyard, feature a technical specification that clearly positions them in the premium segment: twelve tanks with high-quality MarineLINE coating enable the transport of a broad range of cargo including vegetable oils, petroleum products and chemicals; the methanol-ready design ensures high ESG compliance and long-term viability of the four vessels; Ice class 1B and Great Lakes capability provide access to niche markets with attractive rate structures. The first two vessels will be delivered between Q4 2026 and Q1 2027, with the remaining two vessels scheduled for delivery between Q1 and Q2 2027. The modern newbuildings also contribute to fleet rejuvenation and meet high ESG standards. The significantly strengthened charter backlog makes the Group's earnings power more transparent and predictable and thereby increases the investment appeal of the stock.Related:Iran VLCC and US govt military vessel sail past each other“The segment we are investing in offers structural attractiveness: supply is limited, demand for modern tonnage is growing, and access to niche markets with restrictive approval requirements gives us a genuine competitive advantage – the foundation for attractive long-term returns," said Joseph Schuchmann, Co-CEO and Chief Commercial Officer of Ernst Russ.About the AuthorChina CorrespondentChina-based Katherine Si has worked in the maritime industry since 2008 is well-connected with local industry players including Chinese owners and yards.Having majored in English Katherine started at news portal ShippingChina.com where she rose to become a News Editor. In 2008 she moved to work with Seatrade and has since held numerous positions including China correspondent for Seatrade Maritime Review magazine.With extensive experience in writing, research and social media promotion, Katherine focuses on the shipping and transport sectors.