Eimskip offers holistic transportation services and door-to-door solutions to its customers, with a niche focus on transportation of frozen and chilled commodities. Eimskip is well positioned as a leading transportation company in the North Atlantic providing container and reefer liner services and worldwide freight forwarding services. 

There is a general consumer trend towards increased consumption of fresh and chilled products such as seafood, farmed fish, fruits, and vegetables. There is also a growing demand for environmentally friendly transportation solutions, which Eimskip meets by offering reliable and competitive liner services and value-added ancillary services such as efficient land transportation, warehousing, and cold storage operations in key locations. For North Atlantic islands like Iceland and the Faroe Islands, ocean shipping is the most environmentally friendly way of transporting goods. Eimskip is therefore in a very competitive position, with its large vessels and vast capacity, and is well suited to provide transportation with the least carbon footprint. Eimskip’s strategic approach in the Trans-Atlantic services has proven successful, and the Company will continue active product development in that space. 

In recent years, the Company has taken meaningful steps to simplify its operational structure, shorten lines of communication, and increase the flow of information to all stakeholders. This has offered employees added strategic direction and the Company will continue to leverage its holistic logistic service offerings and strong infrastructure as well as proactive customer engagement and communication to create value for all stakeholders. Furthermore, the Company will continue to develop its product portfolio with emphasis on reefer logistics and other emerging trends in the North-Atlantic market region.

Eimskip places great emphasis on sustainability, which is a core theme in the development of the Company’s operations and services. The Company published its new ambitious sustainability targets in 2023 which cover environmental, social and governance aspects of the operation.  On the environmental frontier, the Company has set a progressive target of reaching net zero before 2040. Given that the Company’s vessels account for 96% of the Company’s CO2 emissions, it is clear that a energy transition is needed to reach that goal. In 2024, Eimskip aims to finalize its strategy for next generation container vessels and take meaningful steps in a vessel newbuilding project,  focusing on vessels that are designed to run for alternative fuel.
 
Over the last few years, Eimskip has been investing in digital platforms to support customer service as well as working on the implementation of new core systems for sales and operations, both in the liner and forwarding operation. Furthermore, the company has implemented a modern container management system, solutions that enhance financial reporting, planning and analysis, and in 2023 the Company introduced a new digital learning platform for employees. The Company will continue its digital journey to ensure excellent customer service, optimize operational efficiency and attract and retain talented employees.

Great emphasis has been on training and educating employees, and the new learning management system allows increased accessibility and a modern way of training. Leadership training, employee development, and succession planning all play a vital part in ensuring that the Company has a pool of diverse leaders who are ready to take on new roles and responsibilities at any given time. The focus will remain on supporting employee wellness and increasing retention with various measures. Last but not least, the Company will continue to enhance and improve work environment across the operations. 

Management’s attention and focus continues on the profitability of the core business and maintaining cost savings from past years’ streamlining measures with proactive cost control and focus on operational efficiency across the group.

Finally, the management will explore opportunities to develop and support further growth in strategic locations and areas.