TVG-Zimsen

What TVG-Zimsen does

TVG-Zimsen is a privately held Icelandic freight forwarding and logistics company headquartered in Reykjavík, with operating roots dating to 1894. The firm provides end-to-end import and export logistics for businesses moving goods into and out of Iceland, covering air, sea, and road freight; customs brokerage (Tollskjalagerð); bonded and temperature-controlled warehousing; e-commerce fulfillment; and specialized verticals such as PharmaHealth, AOG (Aircraft on Ground), Fine Art, Film & Events, and Marine Logistics. As the exclusive Icelandic agent for CMA-CGM, one of the world's largest container shipping lines, TVG-Zimsen brokers full-container solutions (heilgáma) for import, export, and crosstrade movements, drawing on weekly direct sailings between Iceland and ports across Europe (Rotterdam, Bremerhaven, Immingham, Aarhus, Helsingborg, Fredrikstad, Gdynia, Tórshavn) and North America (Portland ME, Halifax, Argentia, St. Anthony).

The company's underlying technology stack is modest and operational rather than differentiated. The eFRAKT online service portal (efrakt.is) provides shipment status, invoice summaries, and document access; this is integrated with CMA-CGM's container tracking system and standard carrier tools. Warehousing is conducted through Vöruhótel ehf, an Eimskip-affiliated entity at Sundahöfn — Iceland's largest cargo port — where TVG-Zimsen offers general goods storage at ~14°C, refrigerated and frozen storage, and secured outdoor storage. No AI/ML, proprietary algorithms, or data products are disclosed.

TVG-Zimsen monetizes primarily through transaction fees on freight forwarding, customs clearance, and e-commerce logistics shipments, with warehousing framed as a recurring service. Pricing is quote-based and not publicly disclosed, with customers engaging via phone, email, or an online quote request form. The bundled cargo insurance offering, sold as agent for Sjóvá (up to 3,000,000 ISK per shipment), adds a small licensing-style revenue stream. Customer segments are deliberately horizontal: e-commerce retailers, general import/export businesses, plus five or six specialized verticals, all served through a single integrated provider model rather than separate product lines.

Name

TVG-Zimsen

Legal name

TVG-Zimsen

Website

https://tvg.is

Company type

Private

Founded year

1894

Operating status

Operating

Headcount range

11–50 employees

Short description

TVG-Zimsen is a privately held Icelandic freight forwarder (founded 1894) providing air/sea/road freight, customs brokerage, bonded warehousing, and e-commerce logistics to B2B import/export clients as CMA-CGM's exclusive agent in Iceland.

Ownership category

akta.pro rank

Product category

Freight Forwarding and Logistics Services

NAICS

Freight Transportation Arrangement (488510), General Freight Trucking, Long-Distance (48412)

SIC

Deep Sea Foreign Transportation Of Freight (4412), Trucking & Courier Services (No Air) (4210)

akta.pro primary industry

Cross-Border E-commerce Ocean Forwarding (DDP/DDU) (TLACABAK)

akta.pro secondary industries

International DTC & Brand.com (Global Shipping) (CRAFAJAB), Digital Customs Connectivity & Single Window Integration Hubs (TLAEAOAK)

Keywords

• Freight forwarding services
• Customs brokerage
• Warehousing and storage
• International shipping
• E-commerce logistics

Headquarters

HQ city

Reykjavík

HQ country

Iceland

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Freight Forwarding Services: Full-service freight forwarding for air, sea, and land transportation including import and export handling, carrier coordination, and global routing
2. Customs Brokerage: Customs clearance services including tariff classification, customs declarations, duty payment, and import release
3. Warehousing and Storage: Warehouse hotel services at Sundahöfn including general goods storage, temperature-controlled storage (~14°C for dry goods, refrigerated and frozen storage), and secure outdoor storage
4. Insurance Agency: Cargo insurance sold as agent for Sjóvá, covering shipments transported to/from Iceland up to 3,000,000 ISK with 36,000 ISK deductible
5. E-commerce Logistics: Import handling, customs clearance, and distribution for domestic and foreign e-commerce businesses throughout Reykjavik metropolitan area and nationwide

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

TVG-Zimsen is a comprehensive freight forwarding and logistics provider offering import/export services by air, sea, and road, customs clearance, bonded and temperature-controlled warehousing at Sundahöfn, and nationwide distribution including e-commerce logistics. As the exclusive CMA-CGM agent in Iceland, the company provides full-container solutions and global routing, complemented by its eFRAKT online service portal for shipment tracking and document access.

Product overview

TVG-Zimsen is a comprehensive freight forwarding company offering a full range of logistics services. The core offerings include air freight (Flugflutningar), sea freight (Sjóflutningar) with CMA-CGM full container solutions as their Icelandic agent, customs clearance (Tollskjalagerð), warehousing (Vöruhýsing), and e-commerce logistics (Þjónusta við netverslun). Specialized services include fine art shipping, pharma/health logistics, marine logistics, event shipping, aircraft on ground (AOG) services, and ship agency. The company provides cargo insurance through a partnership with Sjóvá, and offers a digital service portal (eFRAKT) for shipment tracking and document access. All services are coordinated through their offices in Reykjavik, Iceland.

Differentiator

Problem solved

Functional benefit

Products and services

• Air Freight (Flugflutningar) Air freight forwarding worldwide via partner carriers, providing origin-to-destination shipment coordination for B2B importers and exporters.
• Sea Freight (Sjóflutningar) Sea/ocean freight services with full-container solutions through CMA-CGM for import, export, and crosstrade shipments between Iceland and worldwide ports.
• Customs Clearance (Tollskjalagerð) Customs documentation services covering tariff classification, customs declarations, customs clearance, and home delivery for goods imported into Iceland.
• Warehousing (Vöruhýsing) Bonded and temperature-controlled warehousing at Sundahöfn, Iceland's largest cargo port, including ~14°C dry-goods storage, refrigerated storage, frozen storage, and secure outdoor areas for cleared and uncleared cargo.
• E-commerce Logistics (Þjónusta við netverslun) End-to-end import handling, customs clearance, and nationwide distribution for domestic and foreign online retailers across the Reykjavík metropolitan area and Iceland at large.
• Transport Services (Akstursþjónusta) Domestic road transport and delivery of goods within Iceland.
• Crosstrade Cross-trade container shipping services for movements not originating from or destined to Iceland, leveraging TVG-Zimsen's CMA-CGM agency.
• Fine Art Shipping (Listaverkaflutningar) Specialized logistics for transporting fine art and other high-value works, with careful handling and insurance support.
• Emergency Services (Neyðarþjónusta) Expedited, time-critical shipping services for urgent and emergency shipments.
• PharmaHealth Specialized logistics for pharmaceutical and healthcare products requiring regulatory compliance and temperature-controlled handling.
• Event Shipping (Viðburðaflutningar) Logistics for exhibitions, film production equipment, and event materials requiring careful handling and timed delivery.
• Ship Agency Services (Umboðsþjónusta fyrir skip) Port agency services for vessels and ships at Icelandic ports, including coordination and ship supply.
• AOG (Aircraft on Ground) Expedited logistics service for aircraft parts and components requiring urgent, time-critical handling.
• Film & Events Comprehensive logistics for film production equipment and event materials, integrating with TVG-Zimsen's broader freight and warehousing services.
• Marine Logistics Logistics services supporting the marine and maritime industry, complementary to TVG-Zimsen's ship agency offering.
• Fine Art English-language page dedicated to fine art logistics services offered by TVG-Zimsen.
• Cargo Insurance (Tryggingar) Cargo insurance sold on behalf of Sjóva for goods transported to or from Iceland, providing up to 3,000,000 ISK of coverage per shipment with a 36,000 ISK deductible.
• eFRAKT Service Portal Online customer portal providing shipment status overview, invoice summaries, and document access for managing logistics operations with TVG-Zimsen.
• Quote Request (Tilboðsbeiðni) Online quote request system that enables prospective customers to request shipping quotes for sea, air, or combined shipments with cargo type, dimensions, and Incoterms.

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered core and minor.

• CMA-CGMcoreChannel Partner/ Reseller/ DistributorTVG-Zimsen is the exclusive agent (umboðsaðili) for CMA-CGM in Iceland. CMA-CGM is one of the world's largest shipping lines. TVG-Zimsen offers full container solutions (heilgáma) for import, export, and crosstrade (non-Iceland shipments) through this partnership, ensuring cargo space availability and empty containers at ports worldwide.
• Vöruhótel ehf (Eimskip)coreStrategic or Co-development PartnerVöruhótel ehf operates warehouse facilities at Sundahöfn (Iceland's largest cargo port) providing bonded storage, general goods storage (~14°C), refrigerated and frozen storage, and secure outdoor areas. TVG-Zimsen uses Vöruhótel for customer warehousing at the Reykjavik service center.
• SjóváminorGTM or Marketing PartnerTVG-Zimsen sells cargo insurance (farmtryggingar) as an agent for Sjóvá insurance company. Coverage includes shipments transported to/from Iceland up to 3,000,000 ISK with 36,000 ISK deductible. This partnership provides bundled insurance services for logistics customers.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Expeditors International: Asset-light global freight forwarder with strong ocean and air forwarding plus customs brokerage; competes for international shippers routing through North Atlantic ports serving Iceland.
• DHL Global Forwarding: Global freight forwarder with air, ocean, and customs services; competes for multinational shippers moving cargo through Iceland and represents the largest scale player TVG-Zimsen contends with.
• DSV: Global freight forwarding and logistics group following the Schenker acquisition; offers air, sea, road, and customs services that overlap TVG-Zimsen's full suite at global scale.
• Kuehne+Nagel: One of the world's largest freight forwarders with comprehensive ocean, air, and contract logistics offerings; comparable as a global alternative shippers might use instead of TVG-Zimsen for Iceland-bound flows.
• Maersk: Integrated container ocean carrier and logistics provider offering door-to-door forwarding and customs; represents an alternative container network that could pressure TVG-Zimsen's CMA-CGM exclusivity.

Emerging players

• Flexport: Digital-native freight forwarder offering ocean, air, and customs with a tech-first platform; comparable as a tech-enabled forwarder that could eventually disintermediate traditional Nordic forwarders.

Others

• CMA CGM: Parent shipping line of TVG-Zimsen's exclusive Icelandic agency; comparable as the underlying ocean carrier that powers TVG-Zimsen's full-container solutions and crosstrade offerings.

Direct peers

• Eimskip: Iceland's incumbent shipping line and integrated logistics provider; competes directly with TVG-Zimsen in domestic freight forwarding and customs, while also housing TVG-Zimsen's warehousing partner Vöruhótel ehf.

Regional players

• Frakt ehf: Smaller Icelandic freight forwarder and customs broker; competes with TVG-Zimsen in the domestic Icelandic market for import/export and customs clearance work.
• Samskip: Northwest European multimodal logistics provider with ocean, road, rail, and cold-chain services; comparable as a regional forwarder serving similar North Atlantic trade lanes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/tvgzimsen
• LinkedInlinkedin.com/company/tvg-zimsen

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about TVG-Zimsen