INVESTOR NEWS
Eimskip signs agreement for two new container vessels
Thursday, September 4, 2025
The Board of Directors of Eimskipafélag Íslands hf. has approved newbuild contracts for two 2,280 TEU container vessels and a ten-year time-charter through ElbFeeder, a German affiliate of Eimskip. The vessels are intended to provide transportation services between Reykjavík, Iceland and Rotterdam, as well as Teesport in the UK, the Company’s current Blue Line. In recent years, customer demand for transportation of fresh cargo has grown significantly, driven by increased exports of fresh seafood and farmed salmon, as well as imports of fresh products. Further growth is expected in fresh exports due to substantial development in land-based salmon farming in Iceland. The new vessels will be considerably larger than those currently servicing this route, supporting continued growth on the Blue line as well as in the Trans-Atlantic services, a core pillar of Eimskip’s service between Iceland and North America.
Eimskip: Second quarter 2025 results
Tuesday, August 26, 2025
Highlights of Q2 2025 results Solid results in a quarter characterized by strong volume in container liner services, high activity in Logistics but material decline in global freight rates affected margin in the Forwarding segment. Revenue amounted to EUR 201.1 million, a decrease of EUR 6.1 million or 2.9% when compared with Q2 2024. Expenses amounted to EUR 179.9 million, decreasing by EUR 3.8 million or 2.0% from the previous year.
Publishing of Eimskip's second quarter 2025 results
Tuesday, August 19, 2025
Eimskipafélag Íslands hf. will publish its second quarter 2025 results after market closing on Tuesday 26 August. Investor meeting on 27 August 2025 Eimskip invites investors and market participants to a meeting where Vilhelm Thorsteinsson, CEO and Rósa Guðmundsdóttir, CFO, will present the results. The meeting will be held on Wednesday 27 August at 8:30 GMT at the Company’s headquarters, Sundabakki 2, second floor.
Announcement from Eimskip – sale of the vessel Lagarfoss
Friday, July 11, 2025
Eimskip has reached an agreement to sell the vessel Lagarfoss. Lagarfoss was built in 2014 in China and was specifically designed for Eimskip’s shipping routes. The vessel has served the Company for over a decade and played a key role in its operations. Since the book value of the vessel exceeds the sale price, Eimskip will record a loss of sale of approximately EUR 3.4 million in the third quarter of 2025. The buyer of Lagarfoss is company Grupo Sousa, which is located in Madeira Portugal. The company is the owner of the shipping company GS Lines. GS Lines operates six vessels that provides regular service between mainland Portugal, the Azores, Madeira, Canry Islands, Cape Verde and Guinea-Bissau. The vessel is expected to be delivered to a new owner in Reykjavík, during the period of August to September. The sale is subject to standard conditions for vessel sale and purchase.