Eimskip Explained

Eimskipafélag Íslands hf.
Type:Publicly traded company
Industry:Freight transport
Location:Reykjavík, Iceland
Key People:Vilhelm Már Þorsteinsson
(CEO)
Revenue:€ 668 million (2020)
Net Income:€ 4.45 million (2020)
Num Employees:1619[1]
Products:Shipping and logistics

Eimskipafélag Íslands hf. is an international shipping company with 56 offices in 20 countries and four continents; Europe, North America, South America and Asia. Eimskip specializes in worldwide freight forwarding services with focus on frozen and chilled commodities.[2] The company also operates the passenger transport ferries Baldur and Særún.

Eimskip was founded on January 17, 1914, with the issue of shares where many Icelanders became founding members and the company was called "the favourite child of the nation", in Icelandic "óskabarn þjóðarinnar".[3]

Eimskip operates 7 vessels and received its newest and most environmentally friendly vessels in 2020, Dettifoss and Brúarfoss,[2] which sail in collaboration with the Greenlandic shipping company Royal Arctic Line between Iceland, Greenland, the Faroe Islands and Scandinavia.[4]

Eimskips also operates 42 warehouses and cold storages in North-America, Europe and Asia. And was once the biggest owner of cold storages in the world with over 180 cold storages on five continents.[5]

History

Eimskipafélag Íslands was founded in 1914 the with issuance of public shares where around 14,000 people bought shares or at that time 15% of the Icelandic population. The first chairman of the board was Sveinn Björnsson, later the first president of Iceland.

Executives

Board of directors

Further reading

External links

Notes and References

  1. https://www.eimskip.com/media/2876/eimskip-q2-2021-financial-results-investor-presentation.pdf Financial results
  2. Web site: Consolidated financial statement 2020.
  3. Book: Magnússon, Guðmundur. Eimskipafélag Íslands í 100 ár..
  4. Web site: May 2020. Eimskip and Royal Arctic Line co-operation commences in June. live. https://web.archive.org/web/20200928215728/https://www.eimskip.com/about-eimskip/news/general-news/eimskip-and-royal-arctic-line-co-operation-commences-in-june/ . 2020-09-28 .
  5. Web site: 30 May 2007. Eimskip stærst sinnar tegundar í heiminum. live. Markaðurinn. https://web.archive.org/web/20171028115013/http://www.visir.is/paper/mark/M070530.pdf . 2017-10-28 .
  6. Web site: Board of Directors. live. eimskip.com. https://web.archive.org/web/20190517112740/https://www.eimskip.com/investors/corporate-governance/ . 2019-05-17 .