- Business
- Eimskipafélag Íslands hf. (EIM.IC) is an international shipping company specializing in liner services, freight forwarding, and supply chain management with a focus on temperature-controlled cargo in the North Atlantic and worldwide markets. Founded in 1914 and headquartered in Reykjavik, Iceland, the company operates through two main segments: Liner Services, offering reefer and dry cargo transportation, project cargo, full container load (FCL) and less-than-container load (LCL), pre- and on-carriage, cold and dry warehousing, customs clearance, and veterinary inspections via container, refrigerated bulk, and multipurpose vessels; and Forwarding Services, providing FCL alliances with major shipping lines, LCL consolidation, airfreight, hazardous shipments, door-to-door delivery, documentation, laboratory inspections, and specialized storage for frozen, chilled, and dry products. It also delivers road transportation including container trucking, reefer trucking, tilt trailers, and bulk handling; storage solutions such as trawler discharging, repacking, relabeling, and retail packaging; and integrated sea, land, and air logistics for commodities like frozen and fresh fish, aluminum, heavy machinery, fruits, and vegetables, supported by a fleet of 16 vessels, 56 offices in 20 countries across four continents, and approximately 1,700 employees.
The company maintains a global network emphasizing reefer logistics, serving islands in the North Atlantic including Iceland, Greenland, and the Faroe Islands, with connections to Europe, North America, South America, and Asia. In recent developments, Eimskipafélag Íslands hf. signed agreements in 2025 for two new 2,280 TEU container vessels with a ten-year time charter commitment to enhance its fleet capacity and sustainability initiatives targeting net zero emissions before 2040. It initiated a share buy-back program in 2025, authorized at the March annual general meeting to repurchase up to 10% of its shares, with ongoing transactions including purchases in weeks 40 through 48 totaling millions of ISK; appointed new managing directors for subsidiaries Faroe Ship and Ship-log Thailand; expanded liner services with weekly calls to Rotterdam on its Yellow Line starting September 2025; and continued digital investments in container management, sales systems, and customer platforms while reporting Q3 2025 results with EBITDA below expectations amid challenging operations.