A1KBCM Eimskipafelag Islands hf

Eimskip presents more environmentally friendly and more reliable sailing system

Eimskip presents more environmentally friendly and more reliable sailing system

Eimskip will in the first quarter of 2024 implement important changes to the container sailing system with the aim to further increase the service level and reliability while reducing carbon emission. The changes include simplified structure of the sailing system by reducing miles sailed and the number of port calls resulting in lower emission and lower cost. The introduced changes are the final milestone on a journey that started earlier this year with various adjustments already announced.

The main topics

  • The objective for the total changes of the sailing system, including the planned changes in Q1 next year, will be on an annual basis the following:  
    • Total number of sailed miles reduced by approximately 40,000 miles or 5%
    • Decrease the bunker consumption by about 5,000 tons and reduce CO2 emission by about 15.000 tons or 7% but in comparison with the year 2022 the reduced bunker consumption is about 11,000 tons or 14%  
    • Number of container vessel already reduced by one, with the total number now being 11 vessels
    • Decreased number of ETS allowances for the benefit of the Company‘s stakeholders
  • Increased service level and more reliable system include e.g., the following:
    • Increased services with shorter transit time from UK
    • Monday arrivals in Reykjavík for import from Denmark and Sweden
    • Weekly coastal service in Iceland with increased service and more environmentally friendly solutions
    • Simplified sailings at North America route that support the fresh fish services
    • Increased service from northern and western Norway to Faroe Islands and to North America
    • Direct connection from Faroe Islands to Germany
  • Increased productivity in ports which enables slower sailing speed and increased reliability
    • New terminal service provider in Rotterdam
    • Introducing new port in Teesport in the UK
    • Port time slots changed and increased capacity in selected ports
    • Investment in new mobile harbor crane in Reykjavík and additional crane added to Reydarfjordur in Iceland  
  • Changes to the vessel sharing sailings with Royal Arctic Line (RAL) with added calls to Bremerhaven in Germany on the Red line
  • Eimskip will continue to work on various other measures to further reduce its emission both short- and long term

The changes are a part of a journey started earlier this year with dedicated coastal service in Iceland, integration of the reefer liner services in Norway to the container liner services via Faroe Islands and the new container vessel Bakkafoss to the North America route.  

The final stage of these changes will affect three routes of the Company‘s sailing system, Red line, Yellow line and Blue line. The Red line will continue to be operated under the VSA with RAL with additional call in Bremerhaven in Germany but simplified sailing and reduced calls in other ports. The Blue line will stop calling Bremerhaven but will instead start calling Teesport in the UK. Several changes will be made to the Yellow line but the line will continue its important role for Vestmannaeyjar in Iceland and increase services for the Faroe Islands market.

The adjustments to the sailing system are related to the increased international shipping regulations requirements and supports customers expectation for more environmentally friendly services. The changes are a part of the Company’s measures to reduce cost related to the planned implementation of shipping under the European Emission Trading system (ETS) as of January 1st 2024.

Further Information about the changes can be found on the Company‘s webpage and information are provided by the Company’s sales and services representatives.



EN
24/11/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Eimskipafelag Islands hf

 PRESS RELEASE

Eimskip: Transaction in relation to a share buy-back program

Eimskip: Transaction in relation to a share buy-back program In week 50 2025 Eimskip purchased 175,000 of its own shares, at a purchase price of ISK 45,570,000 as further stipulated below: DateTimeNo. of sharesShare pricePurchase price8.12.202510:2735,0002689,380,0009.12.202513:5435,0002639,205,00010.12.202510:0435,0002629,170,00011.12.202510:2635,0002589,030,00012.12.202510:1435,0002518,785,000 The trade is in accordance with Eimskip‘s buy-back program as published on Nasdaq Iceland on 29 September 2025. The number of shares to be acquired under the buy-back program will be up to 2,250,000...

 PRESS RELEASE

Eimskip: Reglubundin tilkynning um kaup á eigin bréfum í samræmi við e...

Eimskip: Reglubundin tilkynning um kaup á eigin bréfum í samræmi við endurkaupaáætlun Í 50. viku 2025 keypti Eimskipafélag Íslands hf. 175.000 eigin hluti fyrir ISK 45.570.000 eins og hér segir: DagsetningTímiMagnVerðKaupverð8.12.202510:2735.0002689.380.0009.12.202513:5435.0002639.205.00010.12.202510:0435.0002629.170.00011.12.202510:2635.0002589.030.00012.12.202510:1435.0002518.785.000 Um er að ræða kaup Eimskips á eigin hlutum í samræmi við endurkaupaáætlun félagsins sbr. tilkynningu til Kauphallar dags. 29. September 2025. Endurkaupin munu að hámarki nema 2.250.000 hlutum í félaginu, þó...

 PRESS RELEASE

Eimskip's Financial Calendar 2026

Eimskip's Financial Calendar 2026 Eimskip's Financial Calendar 2026 Management financial results for 2025    28. January 2026Fourth quarter 2025, Financial results for 2025 and sustainability statement 3 March 2026Annual General Meeting 202626 March 2026First quarter 2026                                     5 May 2026Second quarter 2026                                  25 August 2026Third quarter 2026                                   13 November 2026Management financial results for 2026    2 February 2027Fourth quarter 2026, Financial results for 2026 and sustainabili...

 PRESS RELEASE

Fjárhagsdagatal Eimskips 2026

Fjárhagsdagatal Eimskips 2026 Fjárhagsdagatal Eimskips 2026 Birting stjórnendauppgjörs fyrir árið 2025     28. janúar 2026Fjórði ársfjórðungur 2025, ársuppgjör og sjálfbærniupplýsingar3. mars 2026Aðalfundur 202626. mars 2026Fyrsti ársfjórðungur 20265. maí 2026Annar ársfjórðungur 202625. ágúst 2026Þriðji ársfjórðungur 202613. nóvember 2026Birting stjórnendauppgjörs fyrir árið 2026          2. febrúar 2027Fjórði ársfjórðungur 2026, ársuppgjör og sjálfbærniupplýsingar9. mars 2027Aðalfundur 2027 1. apríl 2027 Fjárhagsupplýsingar verða birtar eftir lokun markaða.Dagsetningarnar eru birtar með f...

 PRESS RELEASE

Eimskip: Transaction in relation to a share buy-back program

Eimskip: Transaction in relation to a share buy-back program In week 49 2025 Eimskip purchased 175,000 of its own shares, at a purchase price of ISK 46,830,000 as further stipulated below: DateTimeNo. of sharesShare pricePurchase price1.12.202509:4735,0002769,660,0002.12.202509:4135,0002669,310,0003.12.202509:5035,0002669,310,0004.12.202515:1735,0002629,170,0005.12.202515:0335,0002689,380,000      The trade is in accordance with Eimskip‘s buy-back program as published on Nasdaq Iceland on 29 September 2025. The number of shares to be acquired under the buy-back program will be up to 2,250,0...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch