Brief: Eimskip Makes Changes To Its Container Sailing System

Eimskipafelag Islands hf

24/09/2019 10:18

Sept 24 (Reuters) - Eimskipafelag Islands hf  EIMS.IC :
    * REG-EIMSKIP MAKES CHANGES TO ITS CONTAINER SAILING SYSTEM
    * CHANGES PAVE WAY FOR ROYAL ARCTIC LINE (RAL) COOPERATION
SCHEDULED TO COMMENCE IN Q1 2020.
    * EIMSKIP WILL FORMALLY START TO OPERATE NEW SAILING SYSTEM
BY
MID-OCTOBER
    * NEW SYSTEM WILL SIMPLIFY EUROPEAN AND SCANDINAVIAN SAILING
ROUTES AND ENABLES COMPANY TO OFFER BOTH ONE DAY LATER DEPARTURE
AND SHORTER TRANSIT TIME FROM ROTTERDAM AND AARHUS TO ICELAND
    * WILL REDUCE NUMBER OF VESSELS BY ONE ON EUROPEAN ROUTES
    * WILL START OPERATING LARGER VESSELS MAINTAINING SIMILAR
CAPACITY
AT LOWER UNIT COST.
    * RECENT INVESTMENTS IN PORT OF SUNDAHÖFN WITH EXTENDED
CONTAINER
TERMINAL, NEW GANTRY CRANE AND LARGER QUAY ENABLE LARGER AND
MORE EFFICIENT VESSELS IN OPERATION
    * TARGET NET OPERATING COST REDUCTION WITH OVERALL CHANGES,
INCLUDING COOPERATION WITH RAL, IS IN RANGE OF EUR 7.0-9.0
MILLION ON AN ANNUAL BASIS BUT WILL NOT BE FULLY REALIZED UNTIL
AFTER RAL COOPERATION COMMENCES AND IS SUBJECT TO VARIOUS
IMPORTANT OPERATIONAL FACTORS
    * NET OPERATING COST REDUCTION  AND COOPERATION UNDER VSA
WITH
RAL, IS IN RANGE OF EUR 7.0-9.0 MILLION ON AN ANNUAL BASIS

Source text for Eikon:  ID:nGNE3vBXyK 
Further company coverage:  EIMS.IC 

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