Management estimated that current efficiency measures will provide an annualised impact of approximately €14 million, including €3.2 million already realised this quarter. Thorsteinsson described the results as, “an important foundation for improved operations going forward.”
The Confederation of Icelandic Enterprise is currently negotiating collective agreements with the Seafarer Association of Iceland regarding deckhands on three company vessels. There is hope that these negotiations will conclude without work stoppages later this month, Eimskip stated.
The group has prepared strike action contingency plans while it enters the traditionally busier second and third quarters. Driven by seasonal patterns, operations are expected to be stronger during the coming months, Eimskip remarked.