Green light for VSA between Eimskip and Royal Arctic Line

The Icelandic Competition Authority has approved exemption for the cooperation between Eimskip and Royal Arctic Line, the national carrier of Greenland.

As part of the cooperation, three 2,150 teu boxships are being built in China with expected delivery later this year. Two vessels are being built for Eimskip and one for Royal Arctic Line. The vessels will be used in weekly services between Greenland, Iceland, the Faroe Islands and Scandinavia. The cooperation is built on a vessel sharing agreement.

The vessels will be the largest containers vessels that Eimskip has had in its service and are designed and built for the conditions in the North Atlantic, in accordance with the Polar Code. Eimskip is readying a sale of two of its older ships – Goðafoss and Laxfoss – as it prepares to take the new ships.

Vilhelm Þorsteinsson, CEO of Eimskip, commented yesterday: “The cooperation creates opportunities for a more efficient sailing system for Eimskip as well as opening new sailing routes to and from Greenland enabling our customers to increase business with Greenland.”

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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