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Eimskipafelag Islands hf announces new JV in cooperation with port authorities in Qingdao

Sunday, 29 Jun 2014 09:12am EDT 

Eimskipafelag Islands hf:Says it has signed a joint venture contract with the port authorities in the city of Qingdao in China, regarding operation of a 55,000 ton cold storage.The cold storage has been operated by A1988 hf., formerly known as HF. Eimskipafelag Islands, since 2007.According to the joint venture contract, Eimskip will become a 30 pct partner in a new joint venture company where the port authorities will own 70 pct.Says involvement of the Qingdao port authorities is an important factor in strengthening the operation of the cold storage since various changes are planned in the port’s environment that the operation will benefit from in the near future. 

Company Quote

31 Jul 2015