Lower freight rates and high costs drive down Eimskip's Q3 results

The liner segment saw volumes increase by 1.5 per cent, but unit prices declined to levels that the company said, "exceed the system’s operational sustainability," leading to negative results for that segment. In response, Eimskip sold the Lagarfoss in July and discontinued its dedicated coastal service.

The logistics segment, however, showed strong performance due to cost-reduction initiatives, while the international forwarding segment delivered "satisfactory results" despite the drop in global rates.