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CURRENT ISSUE

ARM MERCHANT SHIPS?
Should merchant ships transiting high risk areas carry small arms for defense against pirates?

Selected crew should be trained and have guns available
Professional armed security teams should be hired
No guns on merchant ships, ever

E.R. BERGAMO

July 8, 2009

E.R. Schiffahrt's first bulker named at Vinashin Shipyard

Hamburg-based shipowner E.R. Schiffahrt named its first bulker at the Hyundai Vinashin Shipyard in Vietnam on July 7, 2009. The ship is also the first bulker the shipyard has ever built, taking full advantage of the know-how within the Hyundai Group.

The "E.R. Bergamo", which is 187 meters long and 32 meters wide, belongs to a series of 14 supramax vessels. The bulkers with a deadweight of 55,783 tons and a cargo hold volume of about 70,000 cubic meters have four deck cranes. Grain, iron ore, coal and hot coil are the likely cargoes. All bulkers of E.R. Schiffahrt's fleet are fully financed and will sail under long-term charter agreements. South Korean shipping company Hanjin is the charterer of the "E.R. Bergamo".

The "E.R. Bergamo" was named by Sujin Stubkjaer, the wife of E.R. Schiffahrt's CEO Knud E. Stubkjaer. One of the key speakers in the course of the naming ceremony was J.B. Song, President and CEO of Hyundai Mipo Dockyard.

Hyundai Vinashin Shipyard, managed by Hyundai Mipo Dockyard, is a joint venture between Hyundai in Korea with a share of 70 per cent and the Vietnamese shipbuilding industry with 30 per cent of the shares. The shipyard, which has been offering its services since 1999, was particularly active in the field of repair as well as conversion before it started its newbuilding activities.

E.R. Schiffahrt is among the companies owned by Erck Rickmers and managed under the umbrella of E.R. Capital Holding. E.R. Schiffahrt is one of the world's largest charter companies for container ships. The company currently operates 119 ships in service and under construction in the areas of container vessels, bulkers, and offshore. The vessels are chartered by leading liner and bulk shipping companies and offshore customers with whom E.R. Schiffahrt maintains close strategic partnerships. The offshore unit was set up in 2006 and manages special-purpose vessels such as platform supply vessels (PSV) and anchor handling tug supply vessels (AHTS).


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