What Eimskip does

Eimskipafélag Íslands hf. (Nasdaq Iceland: EIMSKIP) is an Icelandic shipping and logistics company founded in 1897 and headquartered at Sundabakki 2, 104 Reykjavík. The company operates as a niche provider of reefer (temperature-controlled) forwarding and North Atlantic liner services, connecting roughly 25 North Atlantic ports through weekly container shipping routes integrated with a global forwarding network spanning 17+ countries across Europe, the Americas, and Asia. Its enterprise customer base spans seafood exporters, food and beverage producers, and biopharmaceutical companies requiring temperature-controlled cold-chain logistics.

The company's product set comprises six integrated offerings: Liner Services (weekly North Atlantic container shipping), Warehousing (frozen, chilled, and dry storage globally), Global Forwarding (sea/air/road freight with reefer specialization), Trucking and Distribution, Terminal Operations at the Sundahöfn harbor in Reykjavík, and ancillary services (customs, bulk cargo, personal effects). Operational assets include the owned vessel fleet, the Sundahöfn terminal, and anchor-tenancy positions at third-party cold-storage facilities, most notably the $56 million Maine International Cold Storage Facility opened in February 2025 where Taylor Logistics Inc. operates the building under Eimskip's anchor agreement. The company's technology posture as documented is traditional logistics-IT: compliance tooling such as SOLAS Container VGM documentation, a customer shipment-portal, sailing-schedule and rate-request systems, and tariff information — with no disclosed AI/ML, API, or proprietary algorithmic capability.

Eimskip generates revenue primarily through transactional freight fees on liner and forwarding services, terminal handling charges, and warehousing/storage fees, with pricing quote-based and not publicly disclosed. The company is publicly listed on Nasdaq Iceland (ticker EIMSKIP) and has been executing a buy-back program (3,465,000 shares / 2.09% of issued capital repurchased by late 2025, ISK 750 million ceiling). It has experienced a cyclical downcycle through 2025–2026, with Q3 2025 and Q1 2026 results both reflecting declining revenue, EBITDA, and net profit driven by lower freight rates, higher salary costs, and operational disruption; management has responded with fleet reduction and cost-cutting measures.

Name

Eimskip

Legal name

Eimskipafélag Íslands hf.

Website

https://eimskip.com

Company type

Public

Founded year

1897

Operating status

Operating

Headcount range

11–50 employees

Short description

Eimskip is an Icelandic publicly-listed shipping and logistics company founded in 1897, providing reefer forwarding, weekly North Atlantic liner services, warehousing, and terminal operations to enterprise seafood, food and beverage, and biopharmaceutical customers across 17+ countries.

Ownership category

akta.pro rank

Product category

Freight & Logistics Services

NAICS

Freight Transportation Arrangement (488510), Deep Sea, Coastal, and Great Lakes Water Transportation (48311), Port and Harbor Operations (488310), Support Activities for Water Transportation (4883)

SIC

Arrangement Of Transportation Of Freight & Cargo (4731), Deep Sea Foreign Transportation Of Freight (4412), Water Transportation (4400)

akta.pro primary industry

Reefer/Temperature-Controlled Ocean Forwarding (TLACABAI)

akta.pro secondary industries

Temperature-Controlled Ocean Freight (Reefer Containers) (TLACAMAG), Reefer Container Terminals & Cold Plug Services (Reefer Yards) (TLAHAAAH), Ocean Export Forwarding (Booking/VGM/SI/BL) (TLACABAF), Ocean Import Forwarding (Destination Handling/DO/ISF) (TLACABAE)

Keywords

• North Atlantic shipping
• Reefer forwarding
• Cold chain logistics
• Container liner services
• Global freight forwarding

Headquarters

HQ city

Reykjavík

HQ country

Iceland

HQ region

Europe

Offices17 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Marketing or Sales, Others

Revenue model

1. Liner Services: Weekly container shipping services connecting North Atlantic ports with seamless access to global forwarding network. Revenue generated through freight charges based on cargo volume, container type, and route.
2. Global Forwarding Services: Niche player specializing in reefer forwarding services, delivering forwarding services by sea, air, and road globally.
3. Terminal Operations: Terminal operations at Sundahöfn harbor and distribution services across Iceland.
4. Warehousing: Storage services for frozen, chilled, and dry products at various global locations.
5. Trucking and Distribution: Road transportation and distribution services in various locations.
6. Customs and Other Services: Customs services, bulk cargo handling, and personal effects transport.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

Eimskip provides door-to-door logistics solutions combining weekly North Atlantic container liner services with a global forwarding network. Core offerings include reefer forwarding (sea, air, road), warehousing for frozen/chilled/dry products, terminal operations at Sundahöfn harbor, trucking and distribution, and customs and bulk cargo services, sold primarily to enterprise customers in the seafood, food and beverage, and biopharmaceutical industries.

Product overview

Eimskip is a niche logistics and transportation company offering door-to-door logistics solutions that connect continents through a global network. The company operates a platform-plus-services model consisting of six integrated core offerings: Liner Services (weekly North Atlantic shipping routes), Warehousing (frozen, chilled, and dry storage globally), Global Forwarding (sea/air/road freight with reefer specialization), Trucking and Distribution (road transport), Terminal Operations (Sundahöfn harbor), and Other Services (customs, bulk cargo, personal effects). These services are designed to work together as an integrated logistics solution.

Differentiator

Problem solved

Functional benefit

Brands

• TVG-Zimsen: An Eimskip subsidiary providing logistics and forwarding services
• P/f Faroe Ship

Products and services

• Liner Services

Quantifiable outcome

• Expected to reduce drayage costs for Maine exporters

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered core and minor.

• Taylor Logistics Inc.coreOthers · 3 February 2025Taylor Logistics Inc. serves as the operator of the $56 million Maine International Cold Storage Facility in Portland, Maine. Eimskip is the anchor tenant at this facility, which opened on February 3, 2025. The facility is expected to reduce drayage costs for Maine exporters and attract international business through the International Marine Terminal.
• FCL BuildersminorOthers · 3 February 2025FCL Builders, based in Itasca, Illinois, served as the general contractor for construction of the Maine International Cold Storage Facility. Construction was financed in part by Bank of New England.
• P/f Faroe ShipcoreStrategic or Co-development PartnerEimskip operates on behalf of P/f Faroe Ship, handling seafarer relations and labor negotiations for vessels including Brúarfoss. This partnership involves joint operations in the Faroe Islands shipping route.
• TVG-ZimsenminorStrategic or Co-development PartnerTVG-Zimsen is an Eimskip subsidiary with its own Managing Director, Raffaele Manna, appointed in June 2026. The subsidiary operates as part of Eimskip's corporate structure.
• Confederation of Icelandic Enterprise (SA)coreStrategic or Co-development PartnerThe Confederation of Icelandic Enterprise (SA) represents Eimskip in collective wage negotiations with the Seafarers' Union of Iceland (SÍ). This partnership is critical for labor relations and compliance with Icelandic labor market agreements.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Samskip: Samskip is a Netherlands-headquartered multimodal logistics provider with strong reefer and North Atlantic capabilities, and is named alongside Eimskip in the Alcoa litigation. It is the most direct comparable for Eimskip's combined liner, forwarding, and cold-chain offering.

Regional players

• Royal Arctic Line: Royal Arctic Line is the Greenlandic state-owned container liner, overlapping with Eimskip's North Atlantic and Greenland service footprint. Eimskip itself serves Nuuk, so the two compete for North Atlantic reefer volumes into and out of Greenland.

Broad incumbents

• Maersk (A.P. Moller-Maersk): Maersk is the world's largest container shipping and integrated logistics company, with significant reefer capacity and global forwarding. It is a broad incumbent whose North Atlantic reefer services compete head-to-head with Eimskip's liner and forwarding business.
• Hapag-Lloyd: Hapag-Lloyd is a top-five global container line with a sizable reefer fleet and a North Atlantic presence. It competes with Eimskip on transatlantic reefer lanes and global forwarding contracts.
• MSC Mediterranean Shipping Company: MSC is the world's largest container line by capacity and operates reefer services across the North Atlantic. As an alliance-driven global carrier, it provides both a competitive threat and a slot-purchase counterparty for Eimskip.
• CMA CGM: CMA CGM is a top global container line and logistics provider with reefer capabilities and a North Atlantic network. It competes for reefer forwarding and container shipping business that Eimskip targets.
• Kuehne+Nagel: Kuehne+Nagel is one of the world's largest freight forwarders with a dedicated perishables and reefer forwarding practice. It competes with Eimskip's global forwarding business for temperature-controlled international shipments.
• DHL Global Forwarding: DHL Global Forwarding operates one of the largest reefer and cold-chain forwarding networks worldwide. It overlaps with Eimskip on international reefer forwarding, particularly for food, beverage, and pharmaceutical clients.
• DSV (formerly Panalpina): DSV is a leading global freight forwarder with strong air, sea, and road forwarding capabilities, including reefer services. It competes for the same multinational shipper forwarding contracts that Eimskip targets.
• Expeditors International: Expeditors International is a large global freight forwarder with ocean, air, and reefer capabilities. It is comparable to Eimskip's forwarding arm for enterprise customers needing temperature-controlled international logistics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Eimskip

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eimskip