Eimskip Launches Ship Management JV in Hamburg

Iceland’s Eimskip and the German company König & Cie have established a joint venture company based in Hamburg and specializing 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.

Gylfi Sigfússon, President and CEO of Eimskip, said: ”Our aim has through the years always been to optimize and secure the operation of Eimskip’s vessel fleet and we feel that with this joint alliance with König & Cie, Eimskip will even further strengthen its operations. With the joint venture Eimskip will also gain access to a wide range of expertise in worldwide ship management and trading. We will also provide our partners at König & Cie with an extensive experience and know-how of vessel operation in the North Atlantic, where we have been in liner services for a century.”