Iceland’s Oldest Freight and Logistics Outfit Expands Services in Europe
New Destinations and Acquisitions Announced ICELAND – GERMANY – NETHERLANDS – Iceland’s oldest freight and logistics company has announced that it is making changes to its shipping schedules and begun a planned expansion fuelled by acquiring stakes in European companies to extend its market share in key geographical regions. Eimskip has decided to start calling at Bremerhaven in Germany as of December 6 this year, at the same time it will cease service to Hamburg, which since 1926 been one of the company’s regular ports of call.
Eimskip insists that the change will give the company’s customers better connections to other markets and reduce the transit time to desired destinations. The last service call in Hamburg is planned for the November 29 although the company’s main office in Germany will remain in Hamburg. Speaking of the move Gylfi Sigf?sson, President and CEO of Eimskip said:
“The move over to Bremerhaven is very important for the future development of Eimskip’s sailing system. The port of Bremerhaven provides various opportunities for our customers in the fish industry and for both importers and exporters in Iceland, in the Faroe Islands and Norway. We are proud to have made a good agreement with EUROGATE Container Terminal Bremerhaven and embrace all the new opportunities that will follow.
At the same time we leave the port of Hamburg with regret after 90 years of cooperation.” Last week Eimskip also announced that it had strengthened its position in worldwide reefer logistics services by acquiring 90% of the forwarding company Extraco Internationale Expeditie B.V. in the Netherlands. Extraco was founded in 1991 and is located close to the port of Rotterdam servicing importers of chilled and frozen commodities in the Netherlands, as well as providing import handling, warehousing, custom brokerage and distribution of bulk, chilled and frozen commodities in Europe.
The company’s current annual turnover amounts to approximately EUR19 million. Most of the company’s current management team will stay on board and move into Eimskip’s office in Rotterdam. This is the first of several acquisitions that Eimskip says it will be making in its core markets in the coming months thus strengthening the company’s freight forwarding services in the Netherlands.
Dick de Weerdt, Managing Director of Extraco said: “It’s my pleasure to announce that the management of Extraco has decided to join the Eimskip group of companies. It is my firm belief that our customers will benefit from Eimskip’s extensive logistics and shipping network.
Our aim to deliver high performance and superior reliability will remain our primary goal at all times.”
- ^ Eimskip (eimskip.com)
- ^ EUROGATE (www1.eurogate.de)
- ^ Extraco Internationale Expeditie B.V. (www.extraco.nl)