2015
GLOBAL NEWS
SHIPPING 101 EIMSKIP STRENGTHENS ITS OPERATION EVEN MORE EIMSKIP SERVICE PORTFOLIO THE VOYAGE HOME
TABLE OF CONTENTS SHIPPING 101. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 THE HOME MARKET.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 THE GREEN LINE DIRECT LINK BETWEEN EUROPE AND NORTH AMERICA. . . . . 5 KEEPING IT COOL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 EIMSKIP STRENGTHENS ITS OPERATION EVEN MORE.. . . . . . . . . . . . . . 7-8 KEY FIGURES. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 EIMSKIP’S DEDICATED REEFER SOLUTIONS. . . . . . . . . . . . . . . . . . . 10-11 GLOBAL NETWORK. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12-13 EIMSKIP SERVICE PORTFOLIO. . . . . . . . . . . . . . . . . . . . . . . . . . 14-15 LOGISTICS PARTNER FOR THE 24 HOUR RACE IN DUBAI 2015. . . . . . . . . . .
16
COOL LOGISTICS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17
THE VOYAGE HOME. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18-19 EIMSKIP’S 100TH ANNIVERSARY. . . . . . . . . . . . . . . . . . . . . . . . . .
20
NEARLY A CENTURY OF DEVELOPMENT. . . . . . . . . . . . . . . . . . . . . .
21
EIMSKIP CHINA 10-YEAR ANNIVERSARY.. . . . . . . . . . . . . . . . . . . . .
21
AK EXTREME!. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22
CHARITY DONATION. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22
TRADE SHOWS ALL OVER THE WORLD. . . . . . . . . . . . . . . . . . . . . .
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Publisher Eimskip Korngardar 2 104 Reykjavik Iceland Telephone +354 525 7000 E-mail: eimskip@eimskip.com Web: eimskip.com
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Editors Ólafur William Hand Dagný Jónsdóttir Hermann Sigurðsson Production Eimskip Marketing
Printing Litróf printing, Iceland Paper Arctic Volume White by Arctic Paper The printing of this magazine has Nordic Swan Ecolabel accreditation. The paper used for the magazine has Nordic Swan Ecolabel accreditation an carries the FSC label.
SHIPPING 101 In the transportation industry, a great deal has changed since Eimskip was founded 101 years ago. The company is still going strong, both businesswise and financially. Last year, we celebrated both Eimskip’s 100th anniversary and the company’s first ten years in Asia, being one of the leaders in reefer forwarding services. Eimskip’s vision is to be a leading transportation company in the North Atlantic, providing outstanding services through a dependable transport system and an extensive worldwide network of reefer logistics services. Today, Eimskip runs a network of 55 own offices and works with 68 associates in a total of 46 countries. The company employs a total of 1,400 employees. It operates 16 vessels, twelve of which are on scheduled services, two in spot services, one used for bulk cargo and one used as a ferry. Eimskip has defined its home market from the north and west coast of Norway to the east coast of North America, or Norway, the Faroe Islands, Iceland, and Newfoundland. These countries are all rich in natural resources. The continuous task ahead is to improve our liner services in the North Atlantic, expand our range of services in the company’s home market, and fine-tune our customer services and international forwarding services. The latest change, made to our sailing system in the North Atlantic in February, was to combine three vessel systems under the name Green Line, our former Green and Red Lines. The Green Line was serving between Iceland and North America, and the Red Line was serving from the Icelandic coast to Europe. With this change, we are connecting Europe and North America on a direct route without transshipments and are adding frequency by five voyages a year. This will benefit our port calls in Argentia and St. Anthony in Newfoundland, Halifax in Nova Scotia, and Portland, Maine. Our transportation system remains organic and is wholly dependent on how efficient it is at every given moment, depending on the needs of our customers. Eimskip’s forwarding services include international reefer and general forwarding, concentrating mainly on Asia, Europe, and North America. The forwarding services are transportation solutions which are outside the company’s own transportation system, but nevertheless the forwarding services and the liner services support each other. The international forwarding market is diverse and very competitive. We have managed to follow our customers in their globalization by creating a service network in cooperation with various transportation companies all over the world. The forwarding
services have been growing year by year. Eimskip’s strategy is to grow organically, but also through a very strategic process of mergers and acquisitions. We have, through our investments in the operation of the cold storage of St. Anthony and by aquiring the forwarding company CargoCan in Newfoundland, Gylfi Sigfússon, strengthened our service network President and CEO in the fast growing market of Newfoundland. Our plans are also to keep on building and investing in Portland, Maine in the near future, in order to finalize and strengthen the infrastructure in the New England area. In Europe, we finalized early this year the acquisition of Jac. Meisnera forwarding company in the Netherlands that will support our growth in Europe. Eimskip will from the first of March take over the warehouse operation of Damco in Aarhus Denmark, beeing the largest provider of 3rd party logistics in this second biggest port in Scandinavia. Early this year, we also established Eimskip & KCie GmbH & Co. KG, a ship management company in Hamburg in Germany. The intention is to better support the managing of our vessel fleet in the future. Eimskip is observing various opportunities in the Arctic, which due to global warming, is rapidly opening up. These opportunities are related to port operations, specialized transportation and services for oil exploration, mining, fisheries, and various other ventures in and close to the Arctic region. It is one of Eimskip’s duties to make sure that environmental issues are not forgotten. We are actively participating in discussing potential environmental risks and finding ways to minimize the costs to the operations in the North. Iceland’s sovereignty and its strategic geopolitical location make it an ideal platform for such discussions. I am very optimistic about the future of Eimskip. Our operations in our home market will continue to grow in the foreseeable future, and we are constantly looking for ways to improve our customer services and our international freight forwarding services. We are energetic, ambitious, and focused on the tasks ahead and with increased opportunities discovered in the North Atlantic and in the Arctic. I am certain that Eimskip’s future is exciting and bright, guided by our values: Achievement, Cooperation, and Trust. •
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Nuuk Greenland
Ísafjördur
St. Anthony
Iceland
NL, Canada
Grundartangi
Akureyri Iceland
Iceland
Reydarfjördur
REYKJAVÍK
Iceland
Iceland
Portland Maine, United States
Halifax NS, Canada
Argentia NL, Canada
Vestmannaeyjar
Boston
Klaksvík
Iceland
MA, United States
Sortland
Tromsø
Hammerfest
Norway
Norway
Båtsfjord
Norway
Norway
Faroe Islands
TÓRSHAVN
Kirkenes Norway
Faroe Islands
Tvøroyri
blue line
Sandnessjoen
Faroe Islands
Norway
Scrabster
yellow line
Murmansk
Ålesund
Russia
Norway
Scotland
Måloy Norway
Bergen
Aberdeen
green line
Norway
Scotland
Stavanger Norway
gray line
Fredrikstad Norway
Grimsby England
Immingham
orange line
England
Århus
partner route
Finland
Sweden
Swinoujscie
freight forwarding possible arctic sailing route
Helsinki
Halmstad
Denmark
Velsen
ROTTERDAM
The Netherlands
The Netherlands
Hamburg Germany
Vigo
Poland
St. Petersburg
Riga
Russia
Latvia
Szczecin Poland
Spain
Gdynia Poland
Klaipeda Lithuania
Porto
Portugal
optional port / seasonal route
Lisbon Portugal
transit hub port partner port
THE HOME MARKET Core operations Eimskip’s vision is to be a leading transportation company in the North Atlantic. Executing this vision requires custom-made transportation solutions, solutions which have been developed throughout the company’s 100 years of history. Today, the home market sailing system reaches from Russia’s Kola Bay and the Norwegian coast in the northeast to Europe and stretches to Portland, in New England, USA. On average, Eimskip is calling close to 40 ports in the North Atlantic east and west regions on a weekly basis. No other transportation company in the North Atlantic offers the same coverage in the region.
Support and benefit from core operations Eimskip’s goal is to provide its customers with total transportation solutions and full supply chain needs, many of which are tailored to meet the specific needs and logistic challenges of its customers. Eimskip’s support activities are assets that are strategically located to support the home market and the supply chain needs of its customers, whether it is operation of container terminals or domestic distribution system. The supply chain infrastructure and resources are integrated solutions designed in combination with own-acquired assets and third party assets, building a solid transportation solutions in often remote areas.
The transportation system remains organic and is wholly dependent on how efficient it is at every given solutions and markets, therefore the company is constantly reviewing its routes and services and will continue to be a leading service provider in the region. • chilled and cold storage facilities
11 4 Iceland
1 Asia
warehouses
25 14
11
Iceland
Europe and North America
teu
19,638 5,685 Reefer containers
10,973
2,980
Dry containers
Other containers
container cranes and forklifts
354 272
82
Iceland
Europe and North America
trucks, vans, and trailers
714 365 Iceland
4
6 Europe and North America
349 Europe and North America
THE GREEN LINE DIRECT LINK BETWEEN EUROPE AND NORTH AMERICA
St. Anthony NL, Canada
Ísafjördur Iceland
REYKJAVÍK
Akureyri Iceland
Iceland
Boston
Sortland Norway
MA, United States
Portland Maine, United States
Halifax
Argentia
NS, Canada
NL, Canada
Green Line Optional Port / Seasonal Route Transit Hub Port
Eimskip decided to combine its Green and Red Lines in the company’s sailing schedule. The Green Line has served between Iceland and North America with a port call in Sortland in Norway. Containers with origin in Europe and Scandinavia have been transshipped to the Green Line in Reykjavík. The Red Line has served between Iceland and Europe and on the coastal route in Iceland. Combination of the two routes forms the basis of increased service reliability between Europe and North America. The new route is named the Green Line, and three vessels are serving on this combined route as before. They sail direct between Europe and North America, with calls in at least three Icelandic ports to serve importers and exporters in Iceland. The ports of call on the Green Line are the same as on the previous routes, but the change creates direct sailings between Europe and North Ameri-
Immingham England
ROTTERDAM The Netherlands
ca, without transshipment in Reykjavík like before. The change further strengthens the selling of services between North America and Europe and will increase the service reliability since connections between the company’s different sailing routes have sometimes been jeopardized, mainly due to adverse weather conditions. The change will increase the total number of voyages per year between Europe and North America by five.
Gylfi Sigfússon, President and CEO “We are pleased to offer increased frequency and direct services between Europe and North America since transported volumes to and from the United States and Newfoundland have been increasing. We are also better able to respond to our customers’ needs for direct services without transshipments.” •
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ST. ANTHONY NL, Canada
HAFNARFJÖRÐUR Iceland
HARBOUR GRACE
REYKJAVÍK
NL, Canada
Iceland
SORTLAND
KLAKSVÍK
Norway
Faroe Islands
KIRKENES Norway
TÓRSHAVN Faroe Islands
Our services include:
HELSINGBORG
• Full-scope trawler discharging services • Re-packing and re-labeling • Small packaging for retail • Laboratory and inspections • Customs and documentation formalities
Sweden
QINGDAO China
KEEPING IT COOL Eimskip offers storage for frozen and chilled products in many countries around the world. Fish and other refrigerated cargo is transported from North Atlantic with Eimskip reefer vessels and discharged and stored in various refrigerated warehouses, waiting to be sold and forwarded in smaller quantities to buyers across the world. Eimskip provides the complete logistical package for the storage of frozen and chilled products. We find the appropriate refrigerated warehouse, with the best price and location, take care of all formalities, manage our customer‘s stock, and arrange the distribution of shipments by road, railway, or any other form of transport.
Eimskip in cooperation with the port authorities in Qingdao Eimskip signed a joint venture contract with the port authorities in the city of Qingdao in China, regarding operation of a 55,000-ton cold storage. The cold storage has been operated by A1988 hf., formerly known as Eimskipafélag Íslands, since 2007. According to the joint venture contract, Eimskip will become a 30% partner in a new joint venture company where the port authorities will own 70%. Involvement of the Qingdao port authorities is an important factor in strengthening the operation of the cold storage, as various changes are planned in the port’s environment that the operation will benefit from in the near future. The port authorities have selected Eimskip as a partner to develop transport-related services to importers and exporters in reefer forwarding business, which Eimskip is specialized in. The cold storage in Qingdao is located at the city’s container terminal, which is the seventh largest container port in the world, with a turnover of about 15.5 million TEU per year. Approximately 80 employees will be working in the new company, and annual revenue at the outset is expected to be in the amount of about EUR 4.5 million.
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Eimskipafélag Íslands builds a 10,000-ton cold storage facility in Iceland Eimskip has decided to embark on the construction of a hightech, 10,000-ton cold storage facility at its operating site in Hafnarfjörður. The decision is made in light of the considerable recent increases in the fishing and processing of pelagic species, which calls for increasing cold storage services. In addition, there is increasing demand for warehouse hotel services for frozen consumer goods. Since 1970, Eimskip has had operations in Hafnarfjörður, where it operates the cold storage facility Fjarðarfrost. Fjarðarfrost’s capacity is approximately 3,000-tons. The company also operates extensive discharging services for the fishing industry together with related services. •
Alcoa Fjardaál and Eimskip renegotiate stevedoring agreement for Mjóeyri Harbor Alcoa renegotiated agreements with Eimskip following an international tender on stevedoring services for the smelter in Mjóeyri Harbor in Reydarfjordur for the next five years. Eimskip has provided these services for Fjardaál ever since the smelter started operations in 2007. Eimskip has already entered into investments of around ISK two billion (over USD 16 million) in East Iceland related to the services for Alcoa Fjardaál and other operations in the area. Around 100 employees are now working for Eimskip to prepare products for export and provide harbor services as well as container and local transport services. After Mjóeyri Harbor was constructed by the smelter site, transport to and from East Iceland has increased significantly, and now around 1.5 million metric tons pass through the harbour each year. •
EIMSKIP STRENGTHENS ITS OPERATION EVEN MORE Eimskip acquires Jac. Meisner Eimskip has strengthened its position in worldwide reefer logistics services with an acquisition of the forwarding company Jac. Meisner Internationaal Expeditiebedrijf B.V. in the Netherlands. The company Jac. Meisner was founded in 1959 and is located in the port of Rotterdam. The company’s main expertise is custom brokerage, veterinary and agricultural inspection, and the receiving and checking of frozen and chilled cargo with origin all over the world for import into European countries. The company’s annual turnover amounts to approximately EUR 7.5 million, and with expected synergy with Eimskip, the estimated EBITDA margin of the company will be 8–9%. The acquisition will strengthen the services to Eimskip’s customers, and the customers of Jac. Meisner will also benefit from Eimskip’s global network. The transaction is a part of Eimskip’s strategy of external growth and will further strengthen the company’s worldwide reefer logistics services. •
Eimskip and König & Cie. establish a joint venture in Hamburg, Germany Eimskip and the company König & Cie. Holding GmbH & Co. KG in Germany have established a joint venture company named “Eimskip & KCie GmbH & Co. KG”. The new company will be specialized in ship management and trading. The ownership will be 80% by Eimskip and 20% by König & Cie. The new company will create synergy in vessel operation, including technical management, chartering, sale and purchase, new building projects, and various other ship management and investment projects. Eimskip’s aim has through the years always been to optimize and secure the operation of Eimskip’s vessel fleet, and with this joint alliance with König & Cie., Eimskip will even further strengthen its operations. •
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Eimskip invests in infrastructure in Grundartangi, Iceland Eimskip has signed a purchase agreement for three lots at the industrial and harbor area in Grundartangi, Iceland. The total size of the purchased land is 22,410 sq. meters. A comprehensive construction is planned in this area by various parties, in which Eimskip intends to participate with this investment. Concurrent with the investment, the company has bought two new harbor cranes of the type TREX Gottwald GHMK 6507. The cranes are electrically driven and are therefore more environmentally friendly than the older cranes powered by fuel. This is in accordance with Eimskip’s environmental policy which e.g. aims at minimizing the release of carbon dioxide. Furthermore, the cranes will increase safety and reliability during the unloading and loading of the company‘s vessels. Eimskip‘s total investment in these projects amounts to approximately EUR 8 million. •
EIMSKIP ADDS VALUE Eimskip takes over the warehouse operation of Damco in Aarhus Eimskip will strengthen its position in warehouse services in Denmark by entering into a strategic partnership with Damco and taking over a 15,500-square-meters warehouse operation. Eimskip has been operating a warehouse of 6,000-square meters, and with the agreement with Damco, the merged warehouse will be 21,500-square-meters in total. After the changes, Eimskip will be the largest third-party logistics provider in Aarhus. Aarhus is the second largest port in Scandinavia, handling over 600,000 TEU per year, and the warehouse is located on the container terminal with direct access to the port. Damco has operated the warehouse in the port of Aarhus since 2003. The main expertise and focus has been on storage, packaging, project cargo, cradling, container freight station, distribution, and pick-and-pack services. •
Increased services in Newfoundland Eimskip has acquired the cold storage operation of St. Anthony Cold Storage Ltd. in Newfoundland and Labrador, Canada. The main services of St. Anthony coldstore are the discharging of fishing vessels and the storage and transportation of seafood. Eimskip has been calling the port of St. Anthony since 2005, and with this acquisition, the company will further strengthen its services and operations in relation to the seafood industry in Newfoundland as well as towards large industrial projects ongoing in the area. Eimskip has also acquired the forwarding company Cargocan Agency Ltd., which is a leading forwarder in Newfoundland and Labrador, located in the capital city of St. John’s. The company was established in 1992 and has been a leading forwarding company for the seafood industry and for dry cargo to and from Newfoundland and Labrador. The total estimated annual turnover of these investments is EUR 6 million, with an estimated EBITDA ratio of 12.5%. •
8
KEY FIGURES Revenue and EBITDA for the year 2014 were in line with expectations, both showing increase from previous year. The company is financially strong with strong equity ratio and low leverage. Geographical split of the revenue is about half Iceland and half is international business outside of Iceland. •
operating revenue
ebitda
Adjusted for one-off items* eur million
Adjusted for one-off items* eur million
500
50
400
40
300
30
200
20
100
10
0
373.1
386.7
423.7
433.8
451.5
2010
2011
2012
2013
2014
geographical split of operating revenue
0
38.6
37.5
40.8
37.1
38.5
2010
2011
2012
2013
2014
net debt and equity ratio eur million
ICELAND
OTHER
47%
4%
ASIA
12%
EUROPE
50
100%
45
90%
40
80%
35
70%
30
60%
25
50%
20
40%
15
30%
10
20%
5
13%
0
NORWAY
11%
FAROE ISLANDS
13%
44.4
21.9
18.7
22.0
33.0
24.9
2009
2010
2011
2012
2013
2014
Net debt
10% 0%
Equity ratio
*In the graphs above, operating revenue and EBITDA have been adjusted for one-off items. Operating revenue and EBITDA were reduced by EUR 6.4 million in first quarter 2011 due to a claim that had previously been written off. EBITDA was increased by EUR 0.7 million in second quarter 2011 due to the grounding of Godafoss. In 2012 EBITDA was increased by EUR 0.7 million in third quarter and EUR 1.0 million in fourth quarter due to expenses related to the Company’s listing at NASDAQ OMX Iceland. EBITDA in fourth quarter was further increased by EUR 2.9 million due to non-cash expenses related to forfeiture of stock options.
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EIMSKIP’S DEDICATED REEFER SOLUTIONS Eimskip’s dedicated reefer solutions Over the years, the traditional shipping company Eimskip from Iceland has developed into a globally operating all-round logistics service provider. Through an extensive network of offices and agents, it offers worldwide door-to-door logistics solutions for perishable products such as seafood, fruits, vegetables, and meat products. Our vision is clear, “We want to be the leading company providing outstanding services through a dependable transportation system in the North Atlantic and offering extensive worldwide reefer logistics service, “ explains Óskar Sveinn Friðriksson, Head of Eimskip Logistics. We started out as a shipping company in 1914. In the decades that followed, the company mainly focused on transport between Iceland and the Faroe Islands, Newfoundland, and Norway. Today, the company is operating two revenue segments, the liner services in the North Atlantic and international forwarding, focusing on perishable cargoes. Seafood was – and still is – a very important cargo flow. In 2004, the company, however, decided to embark on a new course and started to diversify its operations and geographical focus. “We noticed that many of our clients were starting to move their seafood to China for processing. We decided to follow them. We followed the fish and began to organize their transport to China as well,” says Friðriksson. The company added several branches to its network and globally expanded the number of agents. Friðriksson also says, “We currently have 55 offices and a network of 68 agents in 46 countries.” In 2014, the company had 1450 employees and generated a turnover of EUR 452 million.
Exploding global growth Thanks to its extensive global network and vast experience in reefer transport, the company’s freight forwarding volumes exploded overnight. Starting out with 4,000 TEU in 2004, Eimskip forwarding handled 138,000 TEU in 2014. “Traditionally, our orientation has always been on seafood. We used this knowledge and network and applied it to the logistics of vegetables, fruit, and other perishables,” explains Friðriksson. In 2014, perishables accounted for 78% percent of the Eimskip Logistics volumes; 70 percent of this entailed seafood and 30 percent meat, vegetables, and fruits. The underlying philosophy of the freight forwarding division is the concept of a one-stop-window. It covers the entire logistics chain, from collecting cargo and loading ships to transport, warehousing, distribution, stock management, and customs formalities. Friðriksson, “We want to take care of the entire logistics chain for our customers. To give an example: if a European company buys pineapples in Costa Rico, our local agent collects the reefer and we book space on a ship to, for instance, Rotterdam. From there, we arrange the customs clearance and delivery of the reefer to the client or organise further distribution.” “We are also increasingly integrating and exploring different transportation modes, e.g. combining sea, road, and air transportation solutions. The best example on this integration is the transport of fresh salmon from the North Atlantic to the USA and Asia. We are
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Óskar Sveinn Fridriksson, senior manager
now capable of delivering fresh products for the North Atlantic regions, Iceland, and the Faroe Islands to Shanghai in less than 6 days, 3–4 days on the water, 1 day on land, and 1 in the air.” As the shipping branch of Eimskip uses its own equipment (it for example has a fleet of 16 vessels), the freight forwarding division cooperates independently with reliable partner carriers. Through its frequent dealings with container shipping lines like Yang Ming, Cosco, Maersk and CMA-CGM and moving huge volumes Eimskip offers the leverage to negotiate attractive rates. According to Friðriksson, transporting seafood, meat, fruit and vegetables in reefers has a bright future. Overall, the market will grow 3–5% this year. More fresh products will be moved in reefer containers rather than conventional reefer ships. And sea shipping will increase its stake at the expense of air freight. Moreover, he expects exports to China to rise considerably. “Europe is stagnating, and I think everyone in logistics is noticing a slow and fragile recovery in the euro area, whilst China is rapidly growing. In general, I expect this trend to continue, Europe slowly recovering but China generating an upswing in imports. The trade in perishable goods between China and Europe is more
and more in balance, whereas in the past China almost exclusively imported raw materials for re-exports. China’s increasing wealth, supported by a growing middle class will continue to grow, powered by labor-market and policy initiatives that push wages up. Inevitably, the growing demand for consumer products and services will fuel the demand for imports and freight trends will follow (imports of seafood are probably the closest example) for increased consumption,” explains Friðriksson. The intra-Asia trade is currently the fastest growing trade within Eimskip, and we believe with further establishment of the ASEAN– China Free Trade agreements, the trade will increase. Other emerging market areas are also developing, i.e. the seafood and meat imports to Africa. It has actually been interesting to see how the Russian import ban on agricultural products has affected our organization, as the ban has created more opportunities than challenges. I think it is fair to say that when one door closes, another opens.
Bright future The Eimskip brand is strong within the seafood segments, and as a result of the same, we are noticing more and more interest from other perishable segments not related to seafood. We also intend to capture more of the supply chain values by adding our value added services. The acquisition of the Dutch logistic company Jac. Meis-
ner (JM) was an acquisition primarily to strengthen the value added services of Eimskip in Rotterdam. JM has expertise within custom brokerage, veterinary and agricultural inspection, and the receiving and checking of frozen and chilled cargo with origin all over the world for import into European countries. In Atlantic Canada we acquired the forwarding company Cargocan Agency Ltd., which is a leading forwarder in Newfoundland and Labrador, established in 1992 and has been a leading forwarding company for the seafood industry in Canada. We think the acquisition of Cargocan will bring value to our overall reefer logistics network and create one stop shopping platform for our Atlantic Canada customers. In anticipation of the expected growth within Asia, Eimskip has been and still is expanding its logistics network in Asia. The company has for example entered into a joint venture with the Qingdao Port Authority to operate a 50,000-ton cold store in Qingdao. In Qingdao, we will be building a new and modern Border Inspection Point (BIP) station which will un-doubtfully increase new commodities to the cold store and therefore create new opportunities. “If you don’t develop and innovate, your competitors will overtake you. We are therefore constantly developing, constantly inventing new solutions for our customers. We want to make everything as easy as possible for our clients.”•
INTERESTING FACTS ABOUT EIMSKIP LOGISTICS • • •
n average, Eimskip is dealing with approximately 229 partners to fulfill its services O Eimskip Logistic moved cargo to 663 ports and destinations worldwide, ports located in all continents The East–West Trades are the largest trades, followed by the intra-Asia trade
11
Anchorage
AK, United States
Akureyri
Ísafjördur
Iceland
Iceland
Grundartangi
Nuuk
Iceland
Greenland
Reydarfjördur
REYKJAVÍK
Iceland
Iceland
Dutch Harbor
AK, United States
Vestmannaeyjar Iceland
Å
TÓRSHAVN
Klaksvík
N
Må
Faroe Islands
Faroe Islands
Nor
Tvöroyri
Be
Faroe Islands
Prince Rupert BC, Canada
Nor
Stavanger
Scrabster
Norway
Scotland
Aberdeen Killybegs
Scotland
Ireland
År
Den
Grimsby
S
England
Immingham
St. Anthony
Seattle
England
NL, Canada
Vel
WA, United States
The
ROTTER
Portland
OR, United States
The Netherlan
Argentia
Bayside
Halifax
NB, Canada
NL, Canada
NS, Canada
Portland
Maine, United States
Boston
MA, United States
Barcelo
Porto
Spain
Portugal
NY, United States
CA, United States
Spain
Spain
MA, United States
Oakland
Bilbao
Vigo
Everett
New York
Valencia
Lisbon
Norfolk
Los Angeles
Spain
Portugal
VA, United States
CA, United States
Long Beach
CA, United States
Casablanca
Charleston
Morocco
SC, United States
Houston
TX, United States
New Orleans
Agadir
LA, United States
Morocco
Miami
FL, United States
Veracruz
Kingston
Mexico
blue line
Jamaica
Puerto Caldera, Punta Morales Costa Rica
Puerto Limon & Moin
Caracas
Costa Rica
Venezuela
Panama Panama
Abidjan
yellow line green line
Ivory Coast
Guayaquil Ecuador
gray line orange line
Lima Peru
Callao Peru
partner route freight forwarding
Rio de Janeiro Brazil
Santos Brazil
possible arctic sailing route optional port / seasonal route transit hub
Rio Grande Valparaiso
Chile
Brazil
Buenos Aires
Montevideo
Argentina
Uruguay
Mar del Plata Argentina
port partner port reefer tradeline network
Puerto Madryn Argentina
Puerto Deseado Argentina
Sailing schedule is subject to changes Ushuaia
Argentina
12
Lago
Niger
Hammerfest
Båtsfjord
Norway
Tromsø
Norway
Kirkenes
Norway
Murmansk
Norway
Sortland
Russia
Norway
Sandnessjoen Norway
Ålesund
Norway
åloy
Helsinki
rway
ergen
Finland
rway
St. Petersburg Russia
Fredrikstad Norway
Halmstad
rhus
Latvia
Klaipeda
Sweden
nmark
Lithuania
Gdynia
Swinoujscie
Poland
lsen
Riga
Hamburg
Germany Netherlands
Moscow
Poland
Russia
Szczecin Poland
RDAM
nds
Vladivostok Russia
Odessa Ukraine
Genova
Novorossiysk
Constanta
Italy
Russia
Romania
ona
Italy
Japan
China
China
Qingdao
Izmir
Gioia Tauro
Sendai
Dalian
Tianjin
Istanbul
Turkey
Busan
China
Turkey
South Korea
Piraeus Greece
Tokyo Osaka
Japan
Japan
Limassol Cyprus
Haifa Israel
Port Said Egypt
Bahrain Bahrain
Xiamen
Jebel Ali
Shenzhen
United Arab Emirates
Taipei
Taiwan
Kaohsiung
Taiwan
China
Hanoi
Jeddah
Saudi Arabia
China
China
Hong Kong
Vietnam
Nhaa Sheva India
Manila
Philippines
Bangkok
Thailand
Ho Chi Minh City Vietnam
os
ria
Port Harcourt Nigeria
Port Kelang Malaysia
Singapore Singapore
Jakarta
Indonesia
Surabaya Indonesia
Brisbane Australia
Cape Town South Africa
Fremantle Australia
Sydney
Adelaide
Australia
Australia
Melbourne Australia
GLOBAL NETWORK 13
PRODUCT / EIMSKIP OFFICE AGENCY SERVICES: - Eimskip Liner Agency - Faroe Ship Liner Agency - Eimskip Norway Liner Agency - Agency, Other FREIGHT FORWARDING: - Dry Forwarding - Reefer Forwarding - Project Forwarding TRUCKING/DISTRIBUTION: - Trucking Desk - Heavy Haulage service - International Haulage - Domestic Haulage WAREHOUSING: - General Cargo Warehouse - Temperature Controlled - Inventory Management CUSTOM SERVICES: - In-house Custom Clearance - Veterinary services OTHER SERVICES: - Airfreight - Oil & Energy “Supply base” - Discharging Services - Insurance Services - Reefer Vessel Brokerage TERMINAL OPERATIONS: - Terminal Operations
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Belgium
Canada
China
Denmark
Faroe Islands
Germany
Holland
info@eimskip.is
Brynjar Viggosson
info@eimskip.nl
Peter van der Woude (PW)
info@eimskip.de
Jan Felix Grossbruchhaus
info@eimskip.fo
Jóhanna á Bergi
info@eimskip.dk
Martin S. Henriksen (MSH)
info@eimskip.cn
James Liu (LIU)
info@eimskip.ca
Joanne Gibbons (JGJ)
info@eimskip.be
Johan Verelst (JVT)
EIMSKIP SERVICE PORTFOLIO
Iceland
Italy Japan Norway Poland Russia Spain Sweden Thailand UK USA Vietnam
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info@eimskip.vn
Tran Thanh Long (LONG)
info@eimskip.com
Larus Isfeld (lisfeld)
info@eimskip.co.uk
Steve Sison (STV)
info@eimskip.th
Dhaneeya Sukkaew
info@eimskip.se
Magnus Svensson (MSN)
info@eimskip.es
Eva Ortiz Fernรกndez (EOF)
reefer@eimskip.com
Trond Lorentzen (TLO)
info@eimskip.pl
Piotr Grzenkowicz (PGR)
info@eimskip.no
Reidunn Dyb (RDY)
reefer@eimskip.com
Matsumoto Marines
info@eimskip.it
Roberta Magillo (RMA)
LOGISTIC PARTNER FOR THE 24H RACE IN DUBAI 2015 Eimskip Nederland was pleased to be the logistic partner for the 24H race in Dubai 2015. Event organizer Creventic nominated Eimskip Nederland at the beginning of 2014, just after the race in January. “Why should we change a winning team!!!” was the comment of Creventic. Eimskip Nederland arranged transport, stuffing of the race cars and equipment into containers at the port of Rtm and unstuffing at the circuit “Dubai Autodrome.” These containers were shipped from Holland, Italy, United Kingdom, Hong Kong, Malaysia, Denmark, Austria, Switzerland, Sweden and Germany. Eimskip Nederland has been the logistics partner 6 times out of 10 races. •
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COOL LOGISTICS Eimskip provides comprehensive door-to-door logistics solutions, connecting continents quickly and efficiently through contacts worldwide, and not just for chilled and frozen cargo. Eimskip General Forwarding is an international player in worldwide logistics and offers specialized services in handling any type
of dry cargo – containerized or conventionally loaded. This service covers the whole logistics chain, including discharge of breakbulk vessels, transportation, warehousing and distribution, inventory control, customs formalities, and more. •
Eimskip offers a complete range of logistics services, including: • • • • • • • • • •
Worldwide ocean freight Comprehensive North Atlantic coverage Own container fleet Transatlantic services for oversized and containerized cargoes Europe and North America short sea services FCL and LCL distribution Pre-carriage & export documentation On-carriage by road, railway, or short sea feedering Coldstorage and general warehousing services Storage & stock control
• • • • • • • •
Fishing vessel discharging services Palletizing, sorting, labeling, and re-packing Cross docking Customs clearance & border crossing documentation Veterinary border inspection and documentation Insurance Comprehensive network of offices and agents Expertise in all sorts of commodities handling
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THE VOYAGE HOME Lagarfoss is specialized and well equipped for conditions in the North Atlantic and will strengthen the services to our customers. Lagarfoss sailed home to Reykjavík, Iceland from Shidao in China. The journey took 49 days, and it sailed 22,380 km. In comparison, the distance between the North Pole and the South Pole is 20,001 km. • • Vessel’s deadweight is 12,200 tons • 875 TEU vessel • Length overall is 140.7 meters • Beam is 23.2 meters • Powerful bow and stern thrusters
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• • • •
Ice class 1A Plugs for 230 refrigerated containers Two 45-tons container cranes More environmentally safe
REYKJAVÍK Iceland
3 DAYS
IMMINGHAM England
ROTTERDAM The Netherlands
QINGDAO China
SHIDAO
4 DAYS
China
GIBRALTAR England
7 DAYS
SUEZ CANAL Egypt
12,084 NM 22,380 KM 7 DAYS
SRI LANKA 10 DAYS
Sri Lanka
4 DAYS
SINGAPORE Singapore
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EIMSKIP’S 100TH ANNIVERSARY Eimskip celebrated its 100th anniversary by inviting its employees, customers, and other guests to a concert in Harpa Concert Hall in Reykjavik. Three books – The History of Eimskip, Eimskip’s Vessels, and Overview of Eimskip’s Art Collection –
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were published for the occasion, and a 90-minute documentary in two parts was broadcasted on state television. Eimskip also welcomed the container vessel Lagarfoss, the newest addition to the Eimskip fleet. •
NEARLY A CENTURY OF DEVELOPMENT Faroe Ship is a company with a proud 95-year history and like never before still developing and striving to reflect and carry forward the values that built the company – customer service, dynamism, reliability, and expertise in its field of work. Faroe Ship has been and still is a vital co-player in the development and promotion of the industry in the Faroe Islands through total transport solutions and logistics services in the Faroe Islands and worldwide. As Faroe Ship is owned by Eimskip and is naturally an inter-
grated part of Eimskip‘s transport system network, the reach is from local to global – wherever in the world the destination or the source, Faroe Ship will get it to or from there. Faroe Ship is an exciting business that requires constant adaptation to customer demands and continuous product and market development. Johanna á Bergi, CEO at Faroe Ship, was chosen leader of the year 2014 in the private sector in the Faroe Islands. •
EIMSKIP CHINA 10-YEAR ANNIVERSARY Ten years ago, Eimskip reviewed its global strategy and decided that worldwide reefer logistics services would be one of the core activities, with special focus on seafood services. The establishment of Eimskip Qingdao in 2004, in the Shandong provinces, the largest in seafood among China’s provinces was a part of a strategic focus, which at that time was driven by seafood globalization. Many of the Eimskip North Atlantic customers were actively moving raw material for production to China, and opening an office in Qingdao was an essential part of extending the Eimskip product portfolio and developing the business segment of Eimskip Reefer Logistics.
Today, 10 years later, the Asia operations have developed into being a large part of the Eimskip operations, operating in 4 cities in China – Qingdao, Dalian, Xiamen, and Shenzhen; in Ho Chi Minh, Vietnam; in Tokyo Japan; and in Bangkok, Thailand, altogether employing 167 people in Asia. Eimskip China’s 10-year anniversary was celebrated during the China Fisheries & Seafood Expo which was held in Qingdao on November 5th. About 220 people from all over the world attended the celebration, illustrating how global and local Eimskip has become in the last 10 years. •
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Akureyri
AK EXTREME! AK Extreme is a four-day festival with events scheduled at Mt. Hlíðarfjall and in downtown Akureyri in Iceland. For the main event, a terrifying Big Jump is set up out of fifteen shipping containers from Eimskip, smack dab in the middle of town. At last year’s edition, over 7,000 spectators turned out to enjoy the sketchy huck-fest that is the Eimskip Big Jump competition in the center of Akureyri. •
CHARITY DONATION Eimskip in Hamburg celebrated the company’s 100th anniversary and encouraged guests to provide voluntary contributions instead of giving presents on the occation of the birthday. The idea was a success, with guests donating a total amount of almost EUR 3,000 to support the Sternenbrucke Children’s Hospice. The main purpose of the foundation is to run a children’s palliative nursing home that accommodates and cares for children, adolescents, young adults, and their families who are in special need of care because of the seriousness of their illness and who have no hope of being cured. •
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February
FRUIT LOGISTICA March
Seafood Expo North America April
European Seafood Exhibition June
Atlantic Canada Petroleum Show September (every third year)
The Icelandic Fisheries Exhibition
TRADE SHOWS ALL OVER THE WORLD As a part of the Eimskip promotional strategies, Eimskip has been for many years attending as an exhibitor, specific product expositions such as the European Seafood Exposition in Brussels, the Seafood Expo North America in Boston, the Seafood Exhibition Coxemar in Vigo, the China Fisheries & Seafood Expo, The Icelandic Fisheries Exhibition in Reykjavik, Atlantic Canada
October
Seafood Exhibition Coxemar in Vigo November
China Fisheries & Seafood Expo
Petroleum Show in Newfoundland, and the FRUIT LOGISTICAfresh produce trade show, held annually in Berlin, Germany. These expos are an important forum for Eimskip to present the company and its current and new services and are also an important meeting point for current and potential customers. •
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A GREEN LINE ACROSS THE ATLANTIC Eimskip's Green Line increases the number of voyages between North America, Canada, Newfoundland and Europe. The new sailing schedule will increase service reliability and respond to our customers' needs of direct services without transshipments. The new sailing schedule will increase the number of voyages per year between Europe and North America by five. Nuuk Greenland
Ísafjördur
St. Anthony
Iceland
NL, Canada
Grundartangi
Akureyri Iceland
Iceland
Reydarfjördur
REYKJAVÍK
Iceland
Iceland
Portland Maine, US
Boston
Halifax NS, Canada
Argentia NL, Canada
Sortland
Vestmannaeyjar
Klaksvík
Iceland
MA, US
Tromsø
Hammerfest
Norway
Norway
Båtsfjord
Norway
Norway
Faroe Islands
TÓRSHAVN
Kirkenes Norway
Faroe Islands
Tvøroyri
Sandnessjoen
Faroe Islands
Norway
Murmansk
Ålesund
Scrabster
Russia
Norway
Scotland
Måloy Norway
Bergen
Aberdeen
Norway
Scotland
Stavanger Norway
Fredrikstad Norway
Grimsby England
Immingham England
Århus
Helsinki
Halmstad
Finnland
Sweden
Denmark
Swinoujscie
Vigo Spain
Porto
Portugal
Lisbon Portugal
Korngardar 2 | 104 Reykjavík | Iceland | Tel. +354 525 7000 | www.eimskip.com
Velsen
ROTTERDAM
The Netherlands
The Netherlands
Hamburg Germany
Poland
Riga Lettland
Szczecin Poland
Gdynia Poland
Klaipeda Litháen
St. Petersburg Russia