Looking for a specific product?

Make a search for products & suppliers, articles & news.

Eimskip strengthens its worldwide forwarding services by acquiring the logistics company SHIP-LOG A/S in Denmark

Eimskip has strengthened its position in worldwide logistics services by acquiring 75% of the freight forwarding company SHIP-LOG. 

The company was founded in 2003 and its headquarters are located in Aarhus, Denmark. The current management team will continue to own 25% of the shares in the company and will manage its operations.

SHIP-LOG focuses on serving import and export customers and has a strong international agency network in more than 120 countries which gives the company a global reach. The company has a strong foothold within the temperature controlled cargo in the food and pharmaceutical sector. The company’s annual revenue amounts to approximately EUR 17 million with EBITDA ratio of 6-7%. SHIP-LOG employs 32 people.

The acquisition of SHIP-LOG further strengthens Eimskip’s reefer logistics services and increases the commodity portfolio with the addition of food and pharmaceutical logistics, with new customer base and volumes. SHIP-LOG will strengthen Eimskip’s position in Denmark and will support its network to capitalize on new opportunities for further development in Eimskip’s logistics services.

Gylfi Sigfússon, President and CEO of Eimskip

“We are pleased to have SHIP-LOG as a part of the Eimskip group and the company will further strengthen our logistics services with a wider scope of Eimskip’s services in terms of new commodities. The valuable experience of SHIP-LOG’s management and employees will help us to further strengthen our operation in Denmark and the worldwide forwarding operation.”

Simon Steenholt, CEO of SHIP-LOG Group and Mads Dalsgaard, Partner of SHIP-LOG Group

“As founders of SHIP-LOG, we are very excited to become a part of the Eimskip group as we believe that we can bring knowledge and expertise to the group. In the past, the two companies have been focusing on different commodities and we foresee that both companies will benefit from each other’s experience in growing into new markets and commodities.

SHIP-LOG will continue to operate independently within the Eimskip group through our freight management centers, serving our clients and overseas partners ensuring business as usual. High levels of integrity and logistics services are fundamentals of SHIP-LOG and we believe this together with the Eimskip group will benefit our loyal clients and partners. Being a part of Eimskip enables SHIP-LOG to continue the positive growth through significant mutual synergies."

 

About Eimskip

Eimskip is a leading transportation company in the North Atlantic with connections to international markets and is specialized in worldwide freight forwarding services, with the vision of providing excellence in transportation solutions and services. Eimskip was founded in 1914 and is a publicly traded company with its shares listed at Nasdaq Iceland. The company runs a network of 61 offices in 20 countries, operates 21 vessels and has around 1,720 employees.   

Associated companies:


Related news

Latest news

New barge to Målsøval Fiskeoppdrett

Akva Master 320 Classic is a modern feed barge optimized for efficient operations.

Supply chain management survey indicates greater pressure on companies to demonstrate sustainability

Companies are struggling to take efficient action across their supply chains, while facing increased demands from stakeholders.

From stamp to screen: DNV GL issues over 50,000 electronic certificates

Since the launch in mid-October 2017, DNV GL has issued approximately 50,000 certificates, 

THERMO-TRANSIT FURTHER STRENGTHENS THE COMPANYS GROWTH

THERMO-TRANSIT FURTHER STRENGTHENS THE COMPANYS GROWTH BY APPOINTING JESPER HANSEN AS CHAIRMAN AND JAKOB HOLM AS CEO.

New Zealand Navy turns to Vestdavit for hands-on experience

Since 2000, Vestdavit has supplied 14 davits for seven NZ Navy vessels.

DNV GL and AEP Ohio win Energy Award for helping new energy efficient technology in ultra-low temperature freezers reach the market

Stirling ultra-low temperature freezers now ENERGY STAR certified

New 4K Displays Enable Cutting-Edge Multi-Data Fishing Vessel Bridge Solution from Furuno Norway

Newbuild Danish trawler 'Gitte Henning' first to benefit from large-format, ultra high definition bridge display innovation.

New DNV GL class notations aim to improve stern tube bearing performance

In the “Shaft align” class notations and the revised main class requirements for single stern tube bearing installations,

DNV GL provides due diligence to institutional lenders for investment in 659 MW Walney offshore wind project

Through DNV GL’s technical assessment to the group of lenders,