A NEW VESSEL, SKOGAFOSS, ADDED TO EIMSKIP'S FLEET IMPROVED SERVICE TO AND FROM NORTH-AMERICA INCREASED PRODUCTION ABILITY IN SAILINGS TO AND FROM EUROPE

As of July 15th, Eimskip will strengthen its liner operations in the North-Atlantic with the addition of Skogafoss, a 700 TEUs container vessel to its fleet of vessels. The North-American market will now be served by two vessels instead of one, bringing considerable increase in service to Eimskip's customers. A revised sailing schedule is based on two calls each month in Everett (Boston, MA) and Argentia (Newfoundland), and monthly calls in Halifax (Canada) and Norfolk, VA, reports www.megafishnet.com with reference to Faroe Ship Eimpskip International.

Reykjafoss, Eimskip's current vessel on the North-America route, will continue its schedule between Iceland, Halifax, Everett, Argentia and Norfolk. The new vessel, Skogafoss, will focus on Newfoundland and Everett in Boston.

The market in Newfoundland has been showing steady growth, with an upturn in both the fishing and heavy industries in the area. This upturn is one factor in Eimskip's decision to strengthen its operations in the North-Atlantic, and meeting increased demands for transport services between Newfoundland and Europe.

Eimskip's European liner schedules will also see changes as of beginning July:
The Southern route will cease calling Hamburg and Northern route will replace the Southern route calls in Hamburg. This change is mainly implemented to ensure space availability and dependability of the Southern route.
The Eastern route currently calling  Torshavn, FO and Aarhus, DK, will add Fredrikstad, NO to its ports of call
The Northern route will cease calls in Fredrikstad but add Hamburg as port of call.
Eimskip - CTG, subsidiary of Eimskip in Norway, will add Aberdeen, Scotland as a port of call to and from Norway.
Gylfi Sigfússon, CEO:
 These changes to our sailing schedules will strengthen Eimskip's sailing system in North Atlantic. Furthermore, these changes are a part of strengthen the services between Newfoundland in Canada and Europe, as well as servicing the North-East coast of the U.S. around the Boston area with connections to Europe.

Further information on the changes in Eimskip's sailing systems can be found here on Eimskip's website and at Eimskip's offices worldwide.

About Eimskip
Eimskip has offices in 16 countries worldwide, 19 vessels in operation and around 1.250 employees, of which around 730 based in Iceland. Around half of Eimskip's income if from operations outside Iceland. The company's policy is to offer its customers total transport solutions in the North-Atlantic, as well as comprehensive reefer logistics around the world.