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EimskipafA(c)lag Aslands aims to finalise two vessel building contract.

NORDIC BUSINESS REPORT-January 23, 2017-EimskipafA(c)lag Aslands aims to finalise two vessel building contract

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Eimskipafelag Islands hf (ICE: EIM) announced on Friday that it aims to finalise a vessel building contract for two vessels.

The company said that in May 2016, Eimskip and Royal Arctic Line, the national carrier of Greenland, had signed a letter of intent to form and evaluate a potential cooperation regarding building of container vessels.

According to Eimskip, it has been in negotiations with shipyards in China in relation to building of two Ice Class 2,150 TEU container vessels. Discussions are ongoing but the aim is to select a shipyard and finalise the contract in the next few days.

These two vessels are expected to be delivered before the end of 2019.

Eimskipafelag Islands hf, together with its subsidiaries, provides shipping, logistics and supply chain management services worldwide. It operates in the two segments of Liner Services and Forwarding Services. The company engages in the transportation of goods to and from Iceland, Norway, and the Faroe Islands through its service routes on the North Atlantic.

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Publication:Nordic Business Report
Date:Jan 23, 2017
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