Eimskip

on the inside: • Message from the CEO • Services to and from Iceland • Direct service between Norway and North America • Faroe Islands: From local to global • Services in Newfoundland • Portland, Maine: The best option • Intra-Asia trade • Focus on Murmansk • Aberdeen • Poland, new port of call

“from local to global”

Message from the CEO

Eimskip’s new sailing schedule

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Gylfi Sigfússon, CEO of Eimskip

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imskip is constantly reviewing its ways of doing business, seeking ways to reduce costs and to optimize the transportation system for the benefits of customers. The company has been working on changes in its sailing schedule for quite some time and introduced the new schedule in March 2013. The aim of the changes is to widen the sailing schedule in the North Atlantic by adding new port calls, new trade lanes and adding vessels to the liner services fleet.

It is with great pride that Eimskip now offers the most comprehensive sailing schedule in the North Atlantic market area. The system offers five different sailing routes, served by twelve vessels, eight container vessels and four bulk reefer vessels.

All five routes connect through major transhipment hubs, offering customers fast and reliable service connecting east coast of US and Canada with major ports in Northern Europe, the UK, Norway, the Faroe Islands, Iceland and Greenland.

The highlights of the new system are a new port call at Portland, Maine on the US east coast and weekly coastal services in Iceland and the Faroe Islands with direct connections to Aberdeen in Scotland and mainland Europe. Eimskip has also introduced a direct call at Świnoujście in Poland and is adding a vessel to the fleet serving the Norwegian coast calling at Murmansk and around 20 ports in Norway and is containerizing cargo in the Netherlands and the UK for distribution to Asia and the US. The system was further strengthened by establishing a new office in Gdynia in

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Poland and a new office in Murmansk in Russia. Both offices will be playing an important role in the development of new markets supporting the new system, and in strengthening the company’s reefer forwarding services in the Baltics and Russia.

The system is designed to serve the needs of our customers, whether in seafood, oil or other industries. In the North Atlantic the future growth prospects are within oil, mining, fishing and fish farming and we intend to capture this growth. The new call at Aberdeen will create opportunities for seafood customers in the Faroe Islands and Iceland, streamlining deliveries of fresh seafood twice a week to the UK and the markets of mainland Europe. In addition we increased the frequency of transhipments into our SEA/ROAD/ AIR solution to the US markets though UK based airports, whether in England or Scotland. This is the first time Eimskip calls at Scotland with container vessels; however we have been running the Norwegian reefer bulk vessels into Aberdeen for two years. We are able to connect the Norwegian reefer vessel system with the containerized system, benefitting all our customers, whether within the oil industry or the seafood industry. Calling at Aberdeen directly creates a clear advantage and will lower distribution costs for both North Atlantic imports and exports to the US and Canada, Iceland, Norway and Northern Europe.

The future of the the Arctic Sea route lies through Iceland and will connect with the Eimskip sailing system connecting Asia with the US and Canada, Scandinavia, UK, the Faroe Islands, Iceland and mainland Europe.

Overall, the changes we have implemented will create efficient distribution systems for our customers, create savings in distribution costs and open up for advantages never seen before within the North Atlantic. n

Eimskip International

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Bragi Thór Marinósson, Executive Vice President International

optimize the flow, open new offices and optimize the vessels fleet in our liner system in the North Atlantic.

In the past two years Eimskip has been adding three vessels to the liner system in the North Atlantic. The increased capacity and new ports of call in the liner system is giving new opportunities for our customers to move their cargo in more efficient and economical way. This growth is also helping us to increase the transatlantic trade between Europe and Newfoundland and the US. Furthermore it will develop increased short sea services within ports in Europe and between the North America ports of Portland, Maine and Newfoundland. Last but not least, the new sailing schedule will create and open new markets like Poland and Scotland to Eimskip’s customers. This will add a considerable strength to the Faroe Islands’ operation with two calls to the UK each week, enabling us to deliver fresh seafood products for our customers in the beginning and at the end of the week.

Most people within the seafood industry know that Eimskip’s commercial emphasis has been on transporting, handling and storing all types of temperature controlled cargo, frozen or chilled, but transportation, of oil and industrial cargo products has now become more important, especially in Newfoundland, the Faroe Islands and Norway. The new call at Aberdeen, which is now one of Eimskip’s transhipment hubs, is perfectly situated to connect with weekly departures all the major oil supply bases, weather it is in Denmark, Norway, the Faroe Islands, Iceland or Newfoundland.

Looking at our current network globally and in the North Atlantic, it can be said that Eimskip is developing fast towards the vision as set out by the company’s Board.” n

imskip traces its roots back to Iceland, established in Reykjavik 17 January 1914. Throughout the years, the company has been the leading shipping and transportation company in Iceland.

In 1985 Eimskip took its first international steps and opened its first two international offices in the US and the Netherlands.

Today the operation consists of 51 own worldwide offices and 67 associates creating a strong transportation network spanning over 46 countries. The company operates 16 vessels sailing on five different routes in the North Atlantic area and employs around 1,330 people. The company’s growth has come through a redefined strategy with the focus not only on Iceland, but on the North Atlantic area, from the northwest coast of Norway to the east coast of North America, defined as the companies home market. Another important part of Eimskip’s strategy is to develop worldwide reefer logistics services, using the expertise through its extensive knowledge of handling frozen and chilled seafood.

“The growth of Eimskip international has mainly been driven by organic development”, says Bragi Thór Marinósson,, Executive Vice President International. “We intend to expand further our worldwide services network. We recently opened an office in Poland and Murmansk in Russia will follow this month. We are always working on developing further our operation, trying to

51 own offices and 67 associates in 46 countries.

greenland iceland faroe islands

norway

finland russia sweden latvia lithuania denmark united kindom poland netherlands germany belgium

canada

united states

portugal

italy spain

turkey cyprus egypt

south korea israel

saudi arabia

mexico

japan

china dubai

taiwan india thailand

costa rica

sri lanka

columbia

vietnam

philippines

malaysia singapore indonesia

peru

chile

brazil

south africa

argentia

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Matthías Matthíasson, Vice President of Sales and Services

Eimskip strengthens the sailing shcedule to and from Iceland

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Iceland

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imskip introduced substantial changes in its sailing schedule at the beginning of the year. The new schedule includes weekly coastal services in Iceland with direct connection to the Faroe Islands, the UK and mainland Europe and offering shorter transit time to and from USA. “These changes in our sailing schedule will strengthen Eimskip’s service schedule for our Icelandic customers. The company’s increased business in the North Atlantic through the connections in USA, Newfoundland, the Faroe Islands and Norway enabled us to start offering coastal services in Iceland. Furthermore, these changes are a part of strengthening our service and capacity for the Icelandic market.

Eimskip’s vessels will now have weekly calls at Reykjavík, Isafjördur, Akureyri, Reydarfjördur and the Westman Islands. The company operates offices and port facilities in all those places.

Increased number of port calls in Iceland creates new opportunities for Eimskip’s customers. These changes make it feasible for exporters in Iceland to transport fresh fish directly to the Thursday market in the UK and France, as well as frozen fish to mainland Europe for further distribution”, says Matthías Matthíasson, Vice President of Sales and Services at Eimskip.

Matthías explains that Eimskip has been preparing changes in its sailing schedule which aim at widening the system in the North Atlantic by increasing the number of port calls and adding

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a vessel to the liner services fleet for some time now, “and with this new schedule we are confident that we have come up with the best solution for our customers.” » New services for fresh fish “Changing the port calls in USA from Norfolk to Portland, Maine was an important part in strengthening the sailing schedule. This means increased frequency and shorter transit time to and from USA. This also creates direct access for the fish processing industry in Iceland to raw material from Norway and Russia. We will also see new services for pelagic fish with direct bi-weekly sailings to the Baltic as well as increased services for the oil industry with direct sailings to and from Aberdeen in Scotland”, Matthías says.

“Eimskip’s goal is to provide its customers with transportation services built on our dependable and efficient transport system in the North Atlantic and an extensive worldwide network of reefer logistics services. We believe in building long-term relationships with our customers and are committed to achieving this by offering high quality, value added services, tailored to customers’ requirements. I am hopeful that these changes of the sailing schedule will make it more convenient for our customers in Iceland and the rest of the world to market their products and provide raw material in an easier and more efficient way than before”, says Matthías. n

Sailing directly from Norway to North America

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Norway

roviding a total logistics solution, Eimskip in Norway puts its customers in touch with a long-established worldwide network where quality storage and transport facilities are guaranteed“, says Lára Konrádsdóttir, Managing Director of the Norway operation.

The company’s mission is to be the supplier of choice for internationally competitive, high-quality transportation and logistics services with a focus on the company’s home market in the North Atlantic and other markets where viable.

In Norway, Eimskip operates a fleet of reefer vessels and provides flexible and comprehensive services. With direct port-toport transport of full or part loads of chilled or frozen consignments, Eimskip connects Scandinavia/Europe to the North Atlantic, Russia, Poland and the Baltics. » Eimskip’s liner services cover The Norway-UK-the Netherlands route The Norway-Murmansk route The Norway-North America route The Coastal route in Iceland

» Reefer forwarding Eimskip is a part of a worldwide transportation network for chilled and frozen fish. Providing comprehensive door-to-door logistics solutions, Eimskip connects continents quickly and efficiently through its contacts worldwide.

» Dry cargo The company offers regular and flexible service for dry cargo from ports in Europe to Norway, as well as transport along the Norwegian coast. By using Eimskip’s container vessels, calling at Fredrikstad every other week, together with its reefer and dry vessels, the company is able to find the best solutions for its customers. » Cold stores Eimskip in Norway operates two own cold stores, in Kirkenes and Sortland.

Eimskip also offers cold store facility Lára Konráðsdóttir, in Tromsø, and Aalesund.

Managing Director of The company is a partner in a worldthe Norway operation wide cold store network in which discharging, online inventory, tallying, agency, etc., are all part of the day’s work as well as making connections to worldwide transport modes. » Documentation Eimskip‘s highly qualified personnel offer their services in issuing all kinds of export and import documents. n

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Faroe Ship HQ, Tórshavn

From local to global

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Extensive transport services in the Faroe Islands n the Faroe Islands Eimskip operates the company P/f Faroe Ship which is the oldest and largest transportation company in the country, established in 1919. Today the company offers even more comprehensive and globally oriented services than ever before.

As Faroe Ship is owned by Eimskip it is naturally an integrated part of Eimskip’s sailing schedule and its worldwide logistics network.

Faroe Ship is operating the logistics and transport system; the vessels, warehouses, trucks, equipment, not to mention the skilled people and the business model that works.

Faroe Ship is in a leading position in the Faroese market and offers four liner routes every week to and from the Faroe Islands between ports in the UK, mainland Europe, Scandinavia and Iceland.

In co-operation with Maersk, regular links to Russia, the Baltics, Asia, Africa and the Middle East likewise form a part of Faroe Ship’s transport system. Faroe Ship covers the Faroe Islands through its own infrastructure; through Eimskip Faroe

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Ship covers Europe and US as well; and through working with Maersk the network effectively extends across the entire world.

Faroe Ship operates the country’s largest fleet of trucks, a modern container terminal, warehouse facilities and chilled and cold storage facilities. Convenient access to a large fleet of containers gives customers further reason to choose Faroe Ship, whether for import or export.

Faroe Ship runs a forwarding and airfreight division, known as Faroe Express. Services include collection of goods at factory or warehouse, repacking of goods, marking and preparation of shipments for transport, seeking out most favorable rates, freight insurance, customs clearance, and more. In addition, Faroe Ship offers maritime agency services which include port clearance for all types of vessels, supplies, waste, repairs, crew changes and medical services, to mention a few.

Developments in the Faroese seafood industry make Faroe Ship well positioned to handle growing exports of pelagic fish, salmon and other species, as well as taking care of imports from all corners of the world. n

Eimskip Newfoundland

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Canada

n 1990, some 23 years ago, Eimskip opened its first office in Canada, calling at Argentia as its main port. Initially the decision to call at Argentia was to service the foreign trawler fleet and the US military base. In 1994 the military base in Argentia closed down and the number of foreign trawlers calling this port began to withdraw from the Flemish Cap fishing grounds.

Despite this, Eimskip decided to continue calling at Argentia and to service the market.

In 2001, Eimskip Canada began calling at Halifax port on a monthly basis, further expanding Eimskip Canadian services.

In 2005 Eimskip also began to call at St.Anthony on a seasonal basis.

According to Jón Ægir Jóhannsson, General Manager of Eimskip Canada Inc., Eimskip calls at Newfoundland currently on a bi-weekly basis and is proud of being known as the only international shipping line that calls at Newfoundland, therefore playing a very important role.

“The Canadian trade lines can be grouped into three categories”, Jón Ægir says. “That is Iceland related business, short sea services between Eastern CanJón Ægir Jóhannsson, ada and USA and transatlantic shipments with direct General Manager calls and connections to Europe, Scandinavia, the Baltics, St. Petersburg and the Far East. The transatlantic service has rapidly become our busiest trade line and has created a great advantage to our customers in preventing the need for cargo to be transported via trucks to Halifax.”

As of early 2013 Eimskip added a call at a new port in Portland, Maine, further strengthening the connection between Canada and the New England area. “This has resulted in considerably shorter delivery times”, Jón Ægir says.

“Furthermore Eimskip Canada can assist in the full spectrum of the supply chain from the cold storage or the trawler to the final destination”. n

» Services of Eimskip Eimskip‘s Liner services: door-to-door service Reefer and general Logistics Project cargo Cold storage Documentation Ships Agency Offloading of foreign and Canadian fishing vessels Trucking/Rail: Full or part loads

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Portland, Maine

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Lárus Ísfeld, General Manager of Eimskip USA

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-by far the best option for Eimskip’s new USA destination e are adding Portland, Maine to our list of international destinations, routes and options to better service our clients. “We are excited about the business opportunities it brings about”, says Lárus Ísfeld, the General Manager of Eimskip USA, when asked about the company’s newest destination.

Lárus has been in the forefront of changing the company’s USA routes and business strategies. “In 1985 Eimskip began sailing to Norfolk, Virginia on the bases of a contract for servicing the United States Military Base in Keflavik, Iceland. Thus Norfolk became our main US destination. But ever since the military base closed in 2006 we have been considering alternative ports and that research brought us again and again to the conclusion that New England would be best suited for our focus on the North Atlantic fish industry and the projects in the North”, says Lárus. » Bi-weekly sailings and shorter transit times “Through Portland we can divide our services into three different projects: firstly, the sailings between USA and Iceland, secondly sailings between USA and Newfoundland and thirdly, sailings from New England directly to Northern Europe. Our new schedule with bi-weekly sailings and shorter transit times opens up many new opportunities.

Amongst these is a steady schedule and shorter transportation times. For instance the monthly IcelandNorfolk route that took 14 days is now replaced with a bi-weekly 9-day Iceland-Portland route. A new cooperation with Pan Am Railways provides connections with Plainville in Connecticut, Mechanicsville in New York and Ayer in Massachusetts.

These new connections enable Eimskip to service the entire New England area and by connecting with larger rail carriers such as CN, NX and CXX and we will be able to provide rail access to all major US cities”, says Lárus. Portland is furthermore well situated in New England which is the distribution center for seafood in the United States. Transporting frozen seafood and other refrigerated cargo has been Eimskip’s specialization for a long time.

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» The first container carrier to cross the Arctic Circle “Last year Eimskip became the first container carrier to cross the Arctic Circle with scheduled sailings to Sortland in Northern Norway, from where the seafood is transported directly to the United States. This new sailing route has been very well received in Norway, and I believe it could prove to be great promotion for an established fishing community like Portland”, says Lárus.

Speaking of new opportunities, Lárus adds that the flexibility of Eimskip’s geared vessels, the company’s presence and the 99-year experience of sailing the North Atlantic is in itself an asset both in view of the growing transport for the oil and mineral industry of the area, and no less in the coming future when the high north passages will open up to future drilling and mining opportunities. » Servicing the Oil Industry “Currently Eimskip is servicing the oil Industry with project cargo to Norway, Greenland, Iceland, the Faroe Islands and Newfoundland”, says Lárus. Newfoundland is investing in large projects in the next five years. They are drilling off shore, building hydro electric plants and investing in mining. Iceland, in co-operation with Norway, is drilling off shore between Iceland and Jan Mayen. Greenland is starting their off shore drilling off the east coast and investing in mining. Eimskip, with a rail connection at the terminal in Portland and a layaway yard for project cargo at the key, is positioning itself strategically to be a key player in servicing these heavy industries in the Arctic. » Excellent co-operation “Co-operation with port authorities in Portland, the local companies and the people has been very exciting and all co-operation has been excellent.” No other shipping company connects the state of Main with Newfoundland or Europe with scheduled sailings and, according to Lárus, from now on shippers from Northern New England don’t have to truck their products down to the port of New York to reach their European markets.

“It is safe to say that we are looking at an exciting near future at Eimskip and our new USA route and destinations can play a big role in bringing new opportunities to life”, says Lárus Ísfeld. n

New Container Service to Offer Direct Access to Europe

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overnor LePage brought together representatives of Eimskip and Pan Am Railways to discuss bringing a new container freight service to Portland, Maine. Eimskip’s President and CEO, Gylfi Sigfússon, believes that the newly-renovated International Marine Terminal (IMT) in Portland presents an opportunity to serve their existing customers and new ones through their unique access to markets in Eastern Canada and Europe. Eimskip has signed a contract with the Maine Port Authority to begin operating out of the IMT in Portland.

“The access to markets that this new service will provide will create new opportunities for Maine businesses”, said Governor Paul LePage. “As the state continues to be recognized nationally and internationally for all we have to offer, we continue to see the benefits pay off for all Mainers.”

The service will call at Portland every fourteen days and give Maine businesses direct import/export access to Eastern Canadian and European markets. The service will benefit Maine’s forest products, seafood, and agriculture industries. Additionally, access to these markets can result in both larger freight volumes and access to previously cost-prohibitive markets for importers, exporters and manufacturers alike.

“The Port of Portland is a critical piece of Maine’s maritime economy”, said Senator Susan Collins. “I am a strong supporter of the federal TIGER grant program, which has helped the Maine Port Authority expand and rehabilitate Portland’s International Marine Terminal. I am so pleased that this federal investment has helped Governor LePage and local officials attract new business to help create jobs and boost the local and state economy. The international maritime shipping service that Eimskip will provide has the potential to open new markets for Maine companies and generate economic growth in our state.”

“We are excited by the opportunity this new service offers to Maine businesses. This service offers both increased market access and entirely new market opportunities”, said John Henshaw, executive director of the Maine Port Authority.” Maine’s congressional delegation has been very supportive of this effort and was key in securing federal investment for the International Marine Terminal in Portland.

Eimskip will partner with Pan Am Railways to offer cost-competitive access to North American markets. “We are very excited

Governor LePage

to be working so closely with Pan Am Railroad through Portland, Maine”, said Eimskip’s Sigfússon, “Pan Am has been very helpful working with us to make this possible and we believe that our work together is critical for success moving forward.”

Eimskip will be creating jobs to support their operations at the International Marine Terminal. They also bring the opportunity for additional jobs in trucking and warehousing. It is anticipated that Eimskip’s presence should attract additional private sector investment, as Portland becomes a logistical hub for Eimskip’s North American operations. Eimskip brings significant freight of its own, and freight volumes are anticipated to increase as additional shippers utilize the service.

“Transportation in Maine has many faces. While infrastructure is a top priority, our ports continue to be a focus of economic opportunity that helps create jobs”, said MaineDOT Commissioner David Bernhardt. “MaineDOT continues to clear a path for growth in all transportation sectors. This is a great example of Maine being open for business.”

With the successful conclusion of negotiations and contracts, Eimskip will begin container operations at the International Marine Terminal in Portland. n Ei ms ki p

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Boston MA, United States

Portland Maine, United States

St. Anthony NL, Canada

Halifax NS, Canada

Argentia NL, Canada blue line

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yellow line

Icela

Iceland, Faroe Islands, The Netherlands, Poland, Sweden, Norway, Denmark, Faroe Islands, Iceland Iceland, Faroe Islands, England, The Netherlands, Germany, England, Iceland

red line

Iceland, Faroe Islands, Scotland, The Netherlands, Iceland

Westman Islands

green line

Iceland

Norway, Iceland, Newfoundland, Nova Scotia, United States, Newfoundland, Iceland

brown line

Russia, Norway, The Netherlands, England, Scotland, Norway

partner route freight forwarding optional port / seasonal route major transit hub transit hub port

Grimsby England

Immingham England

ROTTERDAM The Netherlands

Velsen The Netherlands

Hamburg Germany

Eimskip’s North Atlantic System 10

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Nuuk Greenland

Grundarfjordur Iceland

Bildudalur Grundartangi Iceland

Iceland

Isafjordur Iceland

Saudarkrokur Iceland

YKJAVIK

Akureyri

and

Iceland

Husavik Iceland

Nordfjordur Iceland

Reydarfjordur Iceland

Klaksvik Faroe Islands

TORSHAVN

Vagur Faroe Islands

Aberdeen

Faroe Islands

Bergen Norway

Scotland

Maaloy Norway

Aalesund Norway

Sortland Norway

Stavanger Norway

Aarhus

Tromso

Denmark

Norway

Fredrikstad Norway

Helsingborg Sweden

Hammerfest Norway

Szczecin

Norway

Kirkenes

Swinoujscie Poland

Baatsfjord

Murmansk

Norway

Russia

Poland

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We like to keep the operation simple

Follow the product / follow the fish

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Eimskip’s Reefer Logistics imskip is a key player in international reefer freight forwarding and NVOCC services, handling annually over one million tons of frozen and chilled products. The service was launched in 2004 where the sole intention was to service Eimskip’s customers outside of the group’s North Atlantic liner base. At that time the company’s strategy was to be more than a North Atlantic carrier serving its seafood customers from north to south. The intention was to “follow the product / follow the fish” from the source to the consumer’s plate.

Some might call this supply chain management, but we like to call our services “cross-functional cargo planning” from business to business and like to keep the operation simple”, says Óskar Sveinn Fridriksson, the Senior Manager of Reefer Logistics.

Although Reefer Logistics was launched in 2004, the company’s reefer logistics’ focus had already begun in the late nineties with the acquisition of Giske Shipping in Norway, now Eimskip in Aalesund. However, the real takeoff did not materialize until cornerstones for special reefer teams were laid in Europe and in Asia in 2004. Since then we have opened 13 offices and departments

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all with specialized know-how within the perishable industry.

The latest addition to the network was the establishment of Eimskip Thailand in March 2012 and the opening in Gdynia in Poland in March 2013. Today the logistics network spans over 46 countries, with own offices in 18 countries.

Our product is a cluster of tailor made perishable freight solutions, handled by the company’s Perishable Team, creating added value for customers. » The network Throughout the years, a comprehensive worldwide logistics network for chilled and frozen food products has been established.

In Asia, the company has offices in Qingdao, Tianjin, Dalian, Xiamen and Shenzhen in China, Bangkok in Thailand, Ho Chi Minh City in Vietnam and Tokyo in Japan.

In Europe the company has offices and operational bases in Iceland, the Faroe Islands, Norway, the UK, Denmark, Sweden, Spain, the Netherlands, Belgium and Germany.

Ă“skar Sveinn Fridriksson, Senior Manager of Reefer Logistics

Âť Reefer services

In the US and Canada the company has offices in Norfolk, New York and Portland in the US and in Argentina, St. Johns and St. Anthony in Newfoundland, Canada. n

Deep Sea Transportation Services

Europe, Scandinavia and US

Worldwide Ocean Freight

Cold stores

Intra-Asia and Into Europe Ocean

Scandinavia

Cross trades

Mainland Europe and the UK

Reefer Bulk solutions, Pacific and North Atlantic

The Baltics

Airfreight Services

Asia

Customs services

Supply chain solutions

Asset based domestic distribution

SAP Forwarding IT system

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Intra-Asia trade is one of the key factors

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China

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imskip has been moving seafood from the North Atlantic to Asia, mainly Japan, for decades. The Chinese economic reform policies introduced in the mid-80s stimulated increased imports of whole round fish from Europe, to be processed and exported to the US and Europe. Eimskip, already involved in the transport to Asia, wanted a greater presence in the whole logistic chain, i.e. to follow the cargo flow from Asia to end users in Europe and USA and with the establishment of Eimskip Qingdao in November 2004 this was realized. Qingdao is a large seafood center in China which Eimskip selected for its importance in seafood and fish processing. Since the establishment of Eimskip Qingdao, offices have been set up in four other locations in China, in Dalian, Xiamen, Shenzhen and Tianjin. In 2007 an office was set up in Ho Chi Minh, Vietnam, and in Tokyo, Japan. Our most recent opening in Asia was in March 2012 in Bangkok, Thailand. The way we choose our location is simple.

We monitor our inbound flows and use the imports as a platform for growth and then try to build on what we have in our systems.

James Liu, Although westbound seafood shipments to Europe Managing and US have been one of the key items in our portDirector of Eimskip China folio, fruit and vegetable commodities have gained

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more focus within Eimskip, being mainly moved within the Intra-Asia reefer markets. Currently the Intra-Asia market is the fastest growing segment within the company and South America markets have also become quite important. It is interesting to monitor our flow, especially when one market is in a recession. The products almost spontaneously find new markets, for example increased seafood exports from Vietnam, China and Thailand to South American markets.

The future of Eimskip Asia is quite promising. The Intra-Asia trade will be one of the key factors contributing to our growth.

The establishment of free trade across ASEAN Economic Community (AEC) by 2015 is a major factor underpinning the evolution of higher intra-regional trade. We are also experiencing a different China where all types of commodities are being imported in greater volumes than before. Even though 2012 was a difficult year for Vietnam, especially for shrimp and pangasius exports, we expect that 2013 will show a positive growth lead by Chinese imports and hopefully Europe will recover from the crisis. In Thailand, the Thai food exporter associations expects that in the year 2013 export volume will increase by 6% mainly due to global recovery. “Overall I am quite optimistic�, says James Liu, Managing Director of Eimskip China. n

Eimskip sets focus on Murmansk

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hrough its subsidiary in Norway, Eimskip is preparing an opening of an office in Murmansk in Russia.

The Murmansk region is very important for Eimskip. For five years, Eimskip has been calling at Murmansk on a regular basis with the Brown line in Eimskip’s sailing schedule. The business has been developing positively for the last five years and to secure further growth it was decided to open up an office in the region. The office will function like other offices of Eimskip, offering regular liner services, forwarding services with special emphasis on reefer and industrial related projects, and other port related services, such as vessel port agency.

The decision to open is a strategic step for Eimskip and in line with the vision of the company to be a leading transportation company providing outstanding services through a dependable transport system in the North Atlantic and an extensive worldwide network of reefer logistics services. The opening in Murmansk will strengthen the company’s North Atlantic activities and enable offering of reliable forwarding services through the port of St. Petersburg.

Eimskip has hired Mr. Trond Lorentzen as an owner’s representative in the area. n

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Siglufjörd

Ólafsfjörd Dalvík

ÍSAFJÖRDUR Skagaströnd Blönduós Bíldudalur

Saud

Hólmavík

Patreksfjördur

Hvammstangi Stykkishólmur Ólafsvík

Búdardalur

Grundarfjördur

Borgarnes GRUNDARTANGI

Akranes

Flúdi

REYKJAVÍK Selfoss Reykjanesbær

Hvolsvöllur

Grindavík Vestmannaeyjar

UNITED STATES, NEWFOUNDLAND AND NOVA SCOTIA

major transit hub

red line

transit hub

Iceland, Faroe Islands, The Ne

port

yellow line

eimskip flytjandi office

eimskip flytjandi shipping destinati

Iceland, Faroe Islands, Scotlan

blue line

Iceland, Faroe Islands, England

Coastal services – Eimskip / Eimskip Flytjandi 16

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NORWAY AND RUSSIA

Kópasker

dur Raufarhöfn

dur

Thórshöfn Húsavík

Vopnafjördur

dárkrókur AKUREYRI

Neskaupstadur Egilsstadir Eskifjördur REYDARFJÖRDUR Fáskrúdsfjördur Djúpivogur Höfn

ir

r

Vík

FAROE ISLANDS, SCOTLAND, ENGLAND, POLAND AND CONTINENTAL EUROPE

nd, The Netherlands, Iceland therlands, Poland, Sweden, Norway, Denmark, Faroe Islands, Iceland

green line

Norway, Iceland, Newfoundland, Nova Scotia, United States, Newfoundland, Iceland

optional port / seasonal route

d, The Netherlands, Germany, England, Iceland

ions

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Aberdeen chosen for its strategic North Sea location

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Scotland

imskip has commenced an additional weekly service linking ports in the north coast of Iceland and two ports in the Faroe Islands with Aberdeen as a new port of call in its sailing schedule.

“This will create vast opportunities for our customers”, says Mike Lane, the Managing Director of Eimskip UK. The harbour of Aberdeen was chosen for its strategic North Sea location as the port plays a significant role, especially within the energy sector. The port handles cargo for a wide range of industries from more than 40 countries worldwide, handling almost five million tons of cargo every year.

In 2011, Eimskip added Aberdeen on its circular freight cargo service from Murmansk, Norway, to Velsen in the Netherlands and now, with the introduction of the Red Line, Aberdeen is linked directly with the containerized Eimskip sailing schedule.

Both services have opened up various opportunities of moving cargo into and outbound from Aberdeen to most worldwide destinations. The linkage creates opportunities such as; A direct link to the UK from the north of Iceland The second weekly service from the Faroe Islands to the UK and three sailings per week to Rotterdam

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The second weekly service linking the UK with Iceland, being particularly interesting for Scottish exporters Links to the Eimskip sailing schedule to Northern Europe, the Baltics and Scandinavia with transhipment in Rotterdam Direct links for the Scottish oil and gas, fish processing and food and drink sectors to Eimskip’s transatlantic services via Reykjavik Aberdeen is the European centre for the oil and gas industry and is now connected with Eimskip’s sailing schedule with the Brown line Working with Eimskip-CTG, sailing from Aberdeen with connections to and from Northern Norway and Murmansk The Shetland seafood industry connecting with the Eimskip network via Aberdeen n

Poland, a new port of call

I Poland

n relation to the change of Eimskip’s sailing schedule, the company introduced a new port of call at Świnoujście in Poland.

Prior to the sailing schedule announcement Eimskip had opened an office in Gdynia in Poland, solely for the purpose of capturing trade opportunities to and from Poland. “The Polish economy has been the only one in Europe that has expanded every year over the past two decades, an expansion that Eimskip intends to capture”, says Mr. Piotr Grzenkowicz, the Managing Director of Eimskip in Poland.

“We see growth opportunities, not only for the liner services but also for our expanding reefer forwarding activities through Eimskip’s reefer vessels offering spot services in and out of Norway, and last but not least, opportunities linked to the new sailing shcedule, i.e. the Swinoujscie port call, whether being ex-

port to Norway, Iceland, the Faroe Islands, the US, Canada and even Denmark. As for imports, we intend to capture opportunities in the import of pelagic seafood from the North Atlantic and focus on short sea services out of Rotterdam. Overall we are quite optimistic, we have it all, are capable of offering all types of equipment, whether reefer containers, standard dry or specialized equipment, flat rack to tank containers. As for the future of Poland, a favourable business climate policy has been implemented, supported by political stability and for other members of the European Union there are relatively few nontariff barriers.

“To be “the new kid on the block” is a challenging environment, but with the way the new system was designed, we can only be optimistic”, says Mr. Piotr Grzenkowicz. n

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april 2013

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Eimskip’s Vessel Fleet Ice Bird

Godafoss Built 1995 TEUS 1,457 Gross Tonnage 14,664

Built 1990 Reefer (bulk) Gross Tonnage 3,625

Dettifoss

Hólmfoss

Built 1995 TEUS 1,457 Gross Tonnage 14,664

Built 2007 Reefer (bulk/TEUS 24) Gross Tonnage 3,538

Brúarfoss

Pólfoss

Built 1992 TEUS 724 Gross Tonnage 7,676

Built 2008 Reefer (bulk/TEUS 24) Gross Tonnage 3,578

Selfoss

Svartfoss

Built 1991 TEUS 724 Gross Tonnage 7,676

Built 2005 Reefer (bulk/TEUS 48) Gross Tonnage 2,990

Horst B

Ice Star

Built 1994 TEUS 703 Gross Tonnage 6,297

Built 1990 Reefer (bulk) Gross Tonnage 3,625

S. Rafael

Ice Crystal

Built 2000 TEUS 501 Gross Tonnage 4,454

Built 1991 Reefer (bulk) Gross Tonnage 3,625

Laxfoss

Skógafoss Built 2007 TEUS 698 Gross Tonnage 7,545

Reykjafoss Built 1999 TEUS 712 Gross Tonnage 7,589

LAXFOSS

Built 1995 Bulk Cargo Gross Tonnage 1,682

Herjólfur Built 1992 Ferry Gross Tonnage 3,354 Own Vessel

blue line

Iceland, Faroe Islands, The Netherlands, Poland, Sweden, Norway, Denmark, Faroe Islands, Iceland

yellow line

Iceland, Faroe Islands, England, The Netherlands, Germany, England, Iceland

red line

Iceland, Faroe Islands, Scotland, The Netherlands, Iceland

green line

Norway, Iceland, Newfoundland, Nova Scotia, United States, Newfoundland, Iceland

brown line

Russia, Norway, The Netherlands, England, Scotland, Norway

other operations North Atlantic

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Chartered Vessel

Facts about Eimskip

Trucking in Europe

T

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he rapid increase in global trade within EU Ports, especially through the port of Rotterdam where volumes are forecasted to increase year by year from the current 12 million TEU handled today to a forecast estimated at 35 million TEU in 2030, will create a strain on the port’s trucking system.

In order to cope with increased demands and to secure availability of trucks for quality and flexibility in deliveries, Eimskip has insourced a large part of its distribution activities in Europe.

In Rotterdam, Eimskip is operating E.T.S. BV (European Transport Services), a company providing trucking services within the Benelux and to neighboring countries. The company specializes in reefer container haulage, however the service portfolio consists of various other forms of road transport, such as heavy transport solutions and other tailor made solutions.

The fleet consists of 15 trucks, of which 10 trucks are equipped with T.R.S. systems, an environmentally friendly system where the engine of the truck provides power to the reefer container.

The new system has the ability to secure 100% power to reefer containers and produces much lower emissions than the conventional generators being used to run the reefer container engines.

In Denmark, Eimskip operates Atlantic Trucking, a company established in 1987. The company’s main focus today is on Danish distribution and container trucking. It also involved in border crossing haulage, offering weekly departures to and from Denmark to France, Germany, Spain, Italy and the Netherlands.

Currently, Atlantic Trucking is one of the key players in container trucking in Denmark. The company has a fully integrated dispatch system, web-booking and can be fully integrated to customers’ IT systems. All communication with drivers is handled through the IT system and the status of each transport is visible to customers. n

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FÍTON / SÍA

fresh, chilled and frozen all the way Eimskip is a leading transportation company providing outstanding services through a dependable transport system in the North Atlantic and an extensive worldwide network of logistics services. We offer solutions for the seafood industry and other industries in need of temperature controlled warehouses.

Our facilities are an integrated part of the Eimskip supply chain management: • Reefer vessel discharging services • Border Inspection Post • Storage of fresh, chilled and frozen cargo • Consolidation services • Cross docking • Real-time information system • Worldwide forwarding services

Korngardar 2 | 104 Reykjavik | Iceland | +354 525 7000 | www.eimskip.com

Boston MA, United States

Nuuk

Portland

Greenland

Maine, United States

St. Anthony NL, Canada

Halifax NS, Canada

Grundarfjordur Iceland

Bildudalur Grundartangi

Argentia

Iceland

Iceland

Isafjordur Iceland

NL, Canada

Saudarkrokur

blue line

REYKJAVIK

yellow line

Iceland

red line green line

Iceland

Akureyri Iceland

Westman Islands

Husavik

Iceland

Iceland

Nordfjordur

brown line

Iceland

Reydarfjordur

world wide freight forwarding

Iceland

Klaksvik

optional port / seasonal route

Faroe Islands

major transit hub

TORSHAVN

Vagur Faroe Islands

transit hub

Aberdeen

port

Faroe Islands

Bergen Norway

Scotland

Grimsby

Maaloy Norway

England

Aalesund Norway

Immingham

Sortland Norway

England

Stavanger Norway

Aarhus

Tromso

Denmark

ROTTERDAM

Fredrikstad

The Netherlands

Norway

Velsen The Netherlands

Helsingborg

Hamburg Germany

Norway

Sweden

Hammerfest Norway

Baatsfjord

Poland

Norway

Kirkenes

Swinoujscie Murmansk

Norway

Russia

increased capacity and frequency

FĂ?TON / SĂ?A

transatlantic and short sea services: usa, canada and europe Weekly domestic coastal services in Iceland with direct connections to the UK and mainland Europe.

New port calls at Vagur in the Faroe Islands and Hamburg, Germany.

Weekly fresh fish route from Iceland and the Faroe Islands to the UK.

Increased frequency with an additional vessel and improved services in Murmansk, Russia.

Increased services for the oil industry with services to and from Scotland.

Increased frequency and shorter transit time to and from USA and Canada.

New port of call in USA, at Portland, Maine.

Korngardar 2 | 104 Reykjavik | Iceland | +354 525 7000 | www.eimskip.com

New ports of call at Klaksvik in the Faroe Islands and Swinoujscie in Poland.