Samherji snaps up major stake in Eimskip

Samherji snaps up major stake in Eimskip

Icelandic fishery company Samherji has sealed a deal to acquire a 25.3% stake in Eimskip from US investment fund Yucaipa for a price of ISK11bn ($102m).

“Eimskip is an international shipping company that builds its operations on good customer service with the operation of a ship fleet in the North Atlantic. We are very well-acquainted with the operation of ships and the importance of transportation in an international environment. It will be challenging, but at the same time it is a pleasure to participate in the company’s continued development in close co-operation with other shareholders,” said Thorsteinn Már Baldvinsson, Samherji’s managing director.

Eimskip currently operates a fleet of four containerships and six reefers, and it has another two 2,150 teu boxships under construction at Guangzhou Wenchong Shipbuilding.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

Related Posts

1 Comment

  1. Chris
    July 20, 2018 at 4:55 pm

    Interesting news thanks