Germany’s Ernst Russ Group will focus on acquiring younger tonnage after trebling profits and paying down debt.
The container ship tonnage provider has used its strong financial position to largely repay the ship mortgage loans.
Liabilities to banks had fallen just €3.4m ($3.5m) in the first nine months of the year, down from €75.7m.
At the same time, the equity ratio increased from 54.2%
