FORWARDING SERVICES
Eimskip is a niche player in forwarding services. The Company specializes in reefer forwarding – the transportation of temperature-controlled cargo, seafood products in particular.
Over the years, Eimskip has built valuable relationships and acquired extensive know-how in the reefer forwarding trade, both through operations and the acquisition of specialist forwarding companies. The success is based on a global network of deep-sea lines managed via numerous Eimskip offices and those of associates. Eimskip also offers a range of logistics solutions to forward dry cargo worldwide.
KEY STATISTICS
Forwarding volume in 2023 in line with previous year with overall solid returns despite significant changes in market conditions from previous year. Revenue in 2023 amounted to EUR 277.4 million, a decline of 38% from the previous year mainly due to lower global freight rates. The EBITDA from forwarding services was EUR 32.1 million, a decrease of EUR 11.5 million from 2022 but with a higher margin percentage compared to previous years. Forwarding services accounted for 31.7% of the Company’s revenue in 2023 and 26.0% of its EBITDA.
The graph below shows the volume development from 2018 to 2023.