Germany’s Ernst Russ Group has acquired 2007-built 700 TEU geared containership, Skogafoss, in cooperation with a strategic partner.

The vessel was acquired from Briese Schiffahrts and had been operating on the North-Atlantic shipping routes. It will be delivered into a charter with Iceland’s Eimskip.

The vessel has a market value of around $3.16m according to VesselsValue, however, the acquisition price was not revealed by Ernst Russ.