Latest news with #ErnstRuss
Yahoo
23-05-2025
- Business
- Yahoo
Ernst Russ First Quarter 2025 Earnings: EPS: €0.73 (vs €0.41 in 1Q 2024)
Revenue: €40.9m (down 13% from 1Q 2024). Net income: €24.6m (up 78% from 1Q 2024). Profit margin: 60% (up from 29% in 1Q 2024). The increase in margin was driven by lower expenses. EPS: €0.73 (up from €0.41 in 1Q 2024). We've discovered 2 warning signs about Ernst Russ. View them for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Looking ahead, revenue is expected to decline by 1.4% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to grow by 3.8%. Performance of the German Capital Markets industry. The company's shares are up 4.2% from a week ago. You still need to take note of risks, for example - Ernst Russ has 2 warning signs (and 1 which can't be ignored) we think you should know about. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Sky News
04-04-2025
- Sky News
Ship owner files legal claim after North Sea crash
The owners of a container ship which crashed into a tanker in the North Sea - causing a huge fire on both vessels - has filed a legal claim in relation to the disaster. German shipping company Ernst Russ, which owns Portuguese-registered Solong, said the claim filed against the owners of the tanker is part of the "usual process for large maritime casualties". Court records indicate the claim was filed against "the owners and demise charterers" of the Stena Immaculate tanker at the Admiralty Court on Thursday. It comes after Stena Bulk, the owner of Stena Immaculate, and Crowley, the vessel's operator, filed a legal claim at the same court on Monday against a subsidiary of Ernst Russ in relation to the crash. Solong crashed into the Stena Immaculate around 12 miles off the coast of East Yorkshire at a speed of about 16 knots (around 18.4mph) on 10 March. The collision caused jet fuel being carried by the tanker to ignite - resulting in the fires on both ships. Rescuers saved 36 crew members from both ships but one sailor - named as Filipino national Mark Angelo Pernia, 38 - remains missing from the Solong and is presumed dead. Meanwhile, Solong's captain, Vladimir Motin, 59, of St Petersburg, Russia, is due to stand trial in January 2026 charged with gross negligence manslaughter. The rest of the crew were also either Russian or Filipino nationals, Ernst Russ said. Stena Bulk said after the incident that 17,515 barrels of jet fuel were lost due to the collision and the subsequent fire, with the Solong still burning a week later Following the filing of the legal claim on Thursday, Ernst Russ said in a statement: "As part of the legal proceedings arising from the collision between the Solong and Stena Immaculate, the owners of the Solong have filed a claim in the Admiralty Court in London. "This is usual process for large maritime casualties and represents another step in working toward the conclusion of this tragic incident. "Meanwhile, Ernst Russ continues to offer all necessary assistance in support of the ongoing investigations." It comes after the Marine Accident Investigation Branch (MAIB) said in a preliminary report on Thursday there was no "dedicated lookout" on either of the vessels. 1:07 The MAIB said Stena Immaculate's second officer took over "anchor watch" for a 12-hour duty period shortly before midnight, while Solong's master returned to the bridge at 7am and was the "lone watchkeeper". The crash happened at 9.47am. A watchkeeper is responsible for the safe navigation of a vessel, whereas the role of lookout is to continuously watch the sea. The preliminary report described visibility in the area as "patchy" at the time of the crash. The MAIB's full investigation will examine manning and fatigue management, the condition and maintenance of the vessels involved and the environmental conditions at the time. It will also look at the navigation and watchkeeping practices on board both vessels. Crowley said in a statement: "The report confirmed that the Stena Immaculate's second officer was on watch, beginning a 12-hour lookout shift just before midnight, during which patchy visibility was reported in the area. "It is important to note that watch requirements for vessels at anchor are different from ships that are under way. "The Stena Immaculate was operating in compliance with applicable watch-standing safety regulations and Crowley company policies for an anchored vessel. "We are confident that the forthcoming comprehensive investigation report will clarify the facts and circumstances of the incident, demonstrating that Crowley exercised appropriate vigilance." The salvage operations for both ships remain ongoing, with the report noting that "an evaluation of the nature and extent of pollution from both vessels is in progress".
The Independent
04-04-2025
- General
- The Independent
Container ship owner launches legal action over North Sea crash
A legal claim has been filed by the owners of a container ship which crashed into a tanker in the North Sea. Ernst Russ, which owns Portuguese-registered Solong, said this is part of the 'usual process for large maritime casualties'. The BBC reported that a separate legal claim was filed on Monday against Ernst Russ by Stena Immaculate's owner and operator, Stena Bulk and Crowley respectively. Solong hit Stena Immaculate about 12 miles off the coast of East Yorkshire on March 10, leaving one man missing, presumed dead. The collision caused jet fuel being carried by the tanker to ignite, resulting in large fires on both vessels. Ernst Russ said in a statement: 'As part of the legal proceedings arising from the collision between the Solong and Stena Immaculate, the owners of the Solong have filed a claim in the Admiralty Court in London. 'This is usual process for large maritime casualties and represents another step in working toward the conclusion of this tragic incident. 'Meanwhile, Ernst Russ continues to offer all necessary assistance in support of the ongoing investigations.' The Marine Accident Investigation Branch (MAIB) said in a preliminary report on Thursday there was no 'dedicated lookout' on either of the vessels. It stated that Stena Immaculate's second officer took over 'anchor watch' for a 12-hour duty period shortly before midnight, while Solong's master returned to the bridge at 7am and was the 'lone watchkeeper'. The crash happened at 9.47am. A watchkeeper is responsible for the safe navigation of a vessel whereas the role of lookout is to continuously watch the sea. The MAIB described visibility in the area as 'patchy'. Crowley said in a statement: 'The report confirmed that the Stena Immaculate's second officer was on watch, beginning a 12-hour lookout shift just before midnight, during which patchy visibility was reported in the area. 'It is important to note that watch requirements for vessels at anchor are different from ships that are underway. 'The Stena Immaculate was operating in compliance with applicable watch-standing safety regulations and Crowley company policies for an anchored vessel. 'We are confident that the forthcoming comprehensive investigation report will clarify the facts and circumstances of the incident, demonstrating that Crowley exercised appropriate vigilance.' A total of 36 people were rescued from the ships following the incident. The man feared dead is Filipino national Mark Pernia. Solong's captain, Vladimir Motin, 59, of St Petersburg, Russia, is due to stand trial in January 2026 charged with gross negligence manslaughter.
Yahoo
04-04-2025
- General
- Yahoo
Container ship owner launches legal action over North Sea crash
A legal claim has been filed by the owners of a container ship which crashed into a tanker in the North Sea. Ernst Russ, which owns Portuguese-registered Solong, said this is part of the 'usual process for large maritime casualties'. The BBC reported that a separate legal claim was filed on Monday against Ernst Russ by Stena Immaculate's owner and operator, Stena Bulk and Crowley respectively. Solong hit Stena Immaculate about 12 miles off the coast of East Yorkshire on March 10, leaving one man missing, presumed dead. The collision caused jet fuel being carried by the tanker to ignite, resulting in large fires on both vessels. Ernst Russ said in a statement: 'As part of the legal proceedings arising from the collision between the Solong and Stena Immaculate, the owners of the Solong have filed a claim in the Admiralty Court in London. 'This is usual process for large maritime casualties and represents another step in working toward the conclusion of this tragic incident. 'Meanwhile, Ernst Russ continues to offer all necessary assistance in support of the ongoing investigations.' The Marine Accident Investigation Branch (MAIB) said in a preliminary report on Thursday there was no 'dedicated lookout' on either of the vessels. It stated that Stena Immaculate's second officer took over 'anchor watch' for a 12-hour duty period shortly before midnight, while Solong's master returned to the bridge at 7am and was the 'lone watchkeeper'. The crash happened at 9.47am. A watchkeeper is responsible for the safe navigation of a vessel whereas the role of lookout is to continuously watch the sea. The MAIB described visibility in the area as 'patchy'. Crowley said in a statement: 'The report confirmed that the Stena Immaculate's second officer was on watch, beginning a 12-hour lookout shift just before midnight, during which patchy visibility was reported in the area. 'It is important to note that watch requirements for vessels at anchor are different from ships that are underway. 'The Stena Immaculate was operating in compliance with applicable watch-standing safety regulations and Crowley company policies for an anchored vessel. 'We are confident that the forthcoming comprehensive investigation report will clarify the facts and circumstances of the incident, demonstrating that Crowley exercised appropriate vigilance.' A total of 36 people were rescued from the ships following the incident. The man feared dead is Filipino national Mark Pernia. Solong's captain, Vladimir Motin, 59, of St Petersburg, Russia, is due to stand trial in January 2026 charged with gross negligence manslaughter.
Yahoo
03-04-2025
- Business
- Yahoo
Ship owner takes legal action over North Sea crash
The owners of a container ship have filed a legal claim against the owners of a tanker that it struck in a crash in the North Sea. The Stena Immaculate, a US-registered tanker carrying aviation fuel, was anchored 16 miles (26km) off East Yorkshire when it was hit by the Portuguese-flagged Solong on 10 March. Court records indicate that a legal claim was filed at the Admiralty Court on Thursday by "the owners and demise charterers" of the Solong against "the owners and demise charterers" of the Stena Immaculate. It follows a separate legal claim filed against the owners of the Solong - Ernst Russ - on Monday by the co-owners of the Stena Immaculate, Stena Bulk and Crowley. No further details about either claim are currently available, with Stena Bulk having been approached for comment. In a statement on Thursday, a spokesperson for Ernst Russ said: "As part of the legal proceedings arising from the collision between the Solong and Stena Immaculate, the owners of the Solong have filed a claim in the Admiralty Court in London. "This is usual process for large maritime casualties and represents another step in working toward the conclusion of this tragic incident. "Meanwhile, Ernst Russ continues to offer all necessary assistance in support of the ongoing investigations." Following the incident, Stena Bulk said 17,515 barrels of jet fuel were lost due to the crash and the subsequent fire, with the Solong still burning a week after the incident before arriving in Aberdeen on Friday. On Monday, Ernst Russ confirmed it had set up a fund ahead of any "verified" legal claims against it. On Thursday, the Marine Accident Investigation Branch (MAIB) released an interim report into the incident, which resulted in fires and a rescue operation that saved 36 crew from both vessels. It found the vessels did not have "dedicated lookouts" in what were "patchy conditions". One crew member on the Solong, Mark Pernia, is missing and presumed dead. He was reported to be in the forward area of the ship at the time of impact. The ship's captain, Vladimir Motin, 59, of Primorsky, St Petersburg, Russia, has been charged with gross negligence manslaughter, and is due to stand trial next year. Ships had no lookouts before crash, says report Cargo ship crash captain to stand trial next year Tonnes of plastic cleared after North Sea crash Crash oil tanker to have its cargo of fuel removed
