Eimskip to increase shipping tariffs Skip to content

Eimskip to increase shipping tariffs

Shipping company Eimskip has announced that it will increase tariffs on sea transport after August 1. They will increase by 4.7 percent between Iceland and the European mainland and by ten percent between Iceland and North America.

Tariffs on Eimskip’s services in Iceland are also set to increase by 4.7 percent and transport via land by three percent, Morgunbladid reports.

According to the executive vice president of the North Atlantic division of Eimskip, Bragi Thór Marínósson, the tariff increase is caused by higher costs at foreign harbors, general increases in price and the rising cost of wages.

“This comes as a great surprise to me,” said managing director of Eimskip’s competitor Atlantsskip, Gunnar Bachman, although he added that he understood some of the reasons behind the tariff increase.

Bachman said there is a lot of demand for containers for shipping, but despite that, tariffs have decreased or remained the same due to competition on the domestic transport market.

Bachman stated Eimskip’s move would secure more customers for Atlantsskip. “The laws of the market tell you that customers who don’t agree with this increase in tariffs will come to us.”

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