ShippingWatch

Eimskip on large-scale European acquisition venture

Earnings increased significantly in the second quarter for Icelandic carrier Eimskip as the carrier heralds several European acquisitions before the end of 2016 along with an imminent collaboration with Royal Arctic Line to service Greenland.

Photo: Casper Dalhoff/Polfoto/Arkiv

Listed Icelandic shipping and logistics group Eimskip finished the second quarter with significant growth in operations and on the bottom line, at 21.6 percent and 58.7 percent, respectively. The improvements are mainly traced to increased cargo volumes in the core business, liner shipping on the Atlantic, while the company's forwarding activities declined by EUR 5.4 million.

According to its second quarter interim report, Eimskip is close to settling several European acquisitions before the end of 2016, just as the company expects a final decision concerning the announced collaboration with Greenland-owned Royal Arctic Line in the near future.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs