Eimskipafélag Íslands hf.
TypePublicly traded company
Nasdaq Iceland: EIM
IndustryFreight transport
Founded1914 (1914)
HeadquartersReykjavík, Iceland
Key people
Vilhelm Már Þorsteinsson
(CEO)
ProductsShipping and logistics
Revenue€ 668 million (2020)[1]
€ 4.45 million (2020)[1]
Number of employees
1619[2]
Websitewww.eimskip.com

Eimskipafélag Íslands hf. is an international shipping company with 55 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.[3] The company also operates a powerful freight network in Iceland under the name Flytjandi and its subsidiary Sæferðir, which 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".[4]

Eimskip operates 17 vessels and received its newest and most environmentally friendly vessels in 2020, Dettifoss and Brúarfoss,[1] which sail in collaboration with the Greenlandic shipping company Royal Artic Line between Iceland, Greenland, the Faroe Islands and Scandinavia.[5]

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.[6]

Warehouse in Reykjavík
Brúarfoss in building 2019
Harbor area.

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.[4]

Executives

  • Vilhelm Már Þorsteinsson, Eimskip CEO
  • Egill Örn Petersen, Eimskip CFO / Finance
  • Hilmar Pétur Valgarðsson, Eimskip COO / Operations
  • Hilmar Karlsson, Eimskip CIO / IT
  • Edda Rut Björnsdóttir, Eimskip Executive Vice President / Human Resources and Communication
  • Bragi Þór Marinósson, Eimskip Executive Vice President / International Operations
  • Björn Einarsson, Eimskip Vice President / Sales and Business Management
  • Guðmundur Nikulásson, Eimskip Vice President / Iceland Domestic Operations and Services
  • Davíð Ingi Jónsson, Eimskip General Counsel and Compliance Officer[7]

Board of directors

  • Baldvin Þorsteinsson, Chairman of the board
  • Lárus L. Blöndal, Vice-Chairman of the Board
  • Guðrún Ó. Blöndal, Board Member
  • Margrét Guðmundsdóttir, Board Member
  • Ólöf Hildur Pálsdóttir, Board member[7]

References

  1. 1 2 3 https://questor-reports.s3-eu-west-1.amazonaws.com/EIM-Y-2020.pdf
  2. ↑ https://www.eimskip.com/media/2876/eimskip-q2-2021-financial-results-investor-presentation.pdf
  3. ↑ "Consolidated financial statement 2020" (PDF).
  4. 1 2 Magnússon, Guðmundur. Eimskipafélag Íslands í 100 ár.
  5. ↑ "Eimskip and Royal Arctic Line co-operation commences in June". May 2020. Archived from the original on 2020-09-28.
  6. ↑ "Eimskip stærst sinnar tegundar í heiminum" (PDF). Markaðurinn. 30 May 2007. Archived (PDF) from the original on 2017-10-28.
  7. 1 2 "Board of Directors". eimskip.com. Archived from the original on 2019-05-17.

Further reading

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