Eimskip to sell Versacold Atlas
"Eimskip's transportation business continues to show results in line with our expectations. However, financial items and higher interest expense continue to have a negative effect in Eimskip's bottom line," said President & CEO Gylfi Sigfusson. "We are diligently working towards our stated goal of lowering our debt levels. In addition, several internal restructuring and cost-cutting initiatives are being undertaken in response to an anticipated downturn in the transportation business driven by a weakening macroeconomic landscape."