Eimskip

Eimskip’s performance in line with expectations

Highlights of Q2 2019 results
  • Revenue amounted to EUR 167.5 million, a decrease of EUR 5.1 million or 3.0% when compared with the same quarter in 2018
  • Transported volume in liner services decreased by 4.8% affected by lower level of import to Iceland and a decline in export at the end of the quarter.
  • Volume in forwarding services decreased by 14.0% however profitability was in line with same period last year due to improved margins.
  • Salary cost and related expenses decreased by 5.2% between...

https://container-news.com/eimskips-performance-in-line-with-expectations/

Eimskip reports Q1 financial results

Below you can find Eimskips’ highlights of its financial results for the first quarter of 2019.

  • Revenue amounted to EUR 164.0 million, an increase of EUR 8.5 million or 5.4% when compared with the same quarter in 2018
    • Transported volume in liner services increased by 4.6% driven by a 9.0% increase in container liner services and revenue increased by EUR 5.1 million, or 5%.
    • Volume growth in forwarding services was 1.0% with a meaningful growth of 8.7% in reefer forwarding volume. Revenue...

https://container-news.com/eimskip-q1-financial-results/

Eimskip And Royal Arctic Line’s Cooperation Agreement Approved By Icelandic Competition Authority

Eimskip

The Icelandic Competition Authority has approved an exemption for the cooperation between Eimskip and Royal Arctic Line A/S, the national carrier of Greenland. The cooperation is subject to certain conditions made by the Icelandic Competition Authority.

As part of the cooperation, three 2,150 TEU container vessels are being built in China with expected delivery late 2019. Two vessels are being built for Eimskip and one for Royal Arctic Line. The vessels will be used in weekly services between...

https://www.marineinsight.com/shipping-news/eimskip-and-royal-arctic-lines-cooperation-agreement-approved-by-icelandic-competition-authority/

Vilhelm Mar Thorsteinsson heads management shake-up at Eimskip

Eimskip has made a rash of changes as part of a management shake-up, headed by the appointment of Vilhelm Mar Thorsteinsson as its new chief executive.
Mr Thorsteinsson joins the Icelandic carrier from bank Islandsbanki, with Gylfi Sigsusson moving from CEO to take the reins of Eimskip’s activities in Canada and the US.
Chief financial officer Hilmar Petur Valgarosson (pictured) has been appointed chief operations officer at the helm of a new operations …

The post Vilhelm Mar Thorsteinsson heads...

https://theloadstar.co.uk/vilhelm-mar-thorsteinsson-heads-management-shake-up-at-eimskip/

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