Nautical event Sail Amsterdam 2015 the biggest ever

21 August 2015

On Wednesday, Sail Amsterdam, one of the largest nautical events in the world, kicked off in Amsterdam. It appears to be a record year, both in terms of number of visitors and in the number of vessels participating in the event. For the first time, the spectacle features 23 ‘tall ships’, ships whose length is more than 40 meters (A class). The Amsterdam nautical event this year involves 13 newcomers – ships that have never before been part of the Sail event.

On Wednesday the ninth edition of Sail, one of the world’s largest sailing spectacles, began, where a great number of spectators could enjoy sighting a wide range of majestic nautical vessels. The first day was inaugurated by the ringing of the bell of the official opening-ship the Clipper Stad Amsterdam by Prince Maurits. The partaking ships sailed in a 12 kilometre long Sail-in parade from IJmuiden to the IJhaven in Amsterdam, where they since have been anchored. On Sunday the laid up ships from all over the world will leave Amsterdam in the so-named ‘Thank You Parade.’

Number of visitors of Sail Amsterdam

Sail Amsterdam expects a record number of visitors attending this year’s event. The event is hosted every five years, and up until now the 7th event (2005) holds the record of the highest number of visitors – at 2.6 million. In 2010 ‘merely’ 1.7 million visitors made it to Amsterdam to enjoy the sights of the event – with one of the contributing factors, according to the Sail-organisation, that the event was a day shorter that year. The financial crisis also played a role.

For 2015, the Sail-organisation did not make it their mission to attract a record number of visitors, although predictions are that this year will surpass that of 2010, and possibly even the 2005 record. “First and foremost stands a safe and a successful event. The fact that the event is weather dependent makes it difficult to make an accurate prediction,” says a spokesperson.

Number of tall ships Sail Amsterdam

Tall ships
While the breaking of the visitors’ record is clouded, Sail 2015 will be the largest edition ever in terms of the number of ships. In total, 44 tall ships – large ocean-going sailing ships – from all over the world will take part in this year’s edition. 23 of these ships fall under the A-Class – ships with a length of more than 40 meters (‘tall ships’). This is more than ever before in the history of the event, which has existed since 1975. Prior to this year the record stood at 21 A-classers, sailing in the 2005 edition.

Thirteen of the ships taking part made their first appearance at the Amsterdam event this year. It is expected that the thirteen will draw a significant crowd, as well as the world’s largest traditional sailing ship still sailing, the Sedov from Russia. However, the longest vessel participating in this edition is the Zr. Ms. Karel Doorman, the 204.7 meter long Dutch navy ship that joined the service in April 2015.

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Eimskip buys majority stake in Danish logistics company SHIP-LOG

14 June 2017

Iceland based Eimskip has continued its international expansion path with the acquisition of a majority share in SHIP-LOG, a freight forwarding company located in Aarhus, Denmark. 

Months after picking up Belgium based Mareco (acquisition of 80% of the shares) and US based CSI Group (51% stake), Eimskip has closed its third deal of 2017. The bolt on of SHIP-LOG strengthens the firm’s market share in the segment of logistics services for refrigerated cargo – a fast growing industry globally on the back of increasing food trade and the rise of the middle class in large emerging economies, among others. SHIP-LOG serves both import and export customers through a network of representative offices in more than 120 countries, generating an annual revenue of about €17 million, and holds strong positions in particularly the food and pharmaceutical industries. 

As part of the integration, 32 employees of SHIP-LOG will transfer to Eimskip, with 25% of the shares remaining in the hands of the current management team. The company will continue to operate independently from its base Aarhus. The deal sees Eimskip, which was founded in 1914 and is a publicly traded company in Iceland, grow its headcount beyond 1,700 FTE’s globally, across on the ground operations in 20 countries.

Gylfi Sigfússon, President and CEO of Eimskip, said the purchase will further strengthen the firm’s logistics services with new customers and volumes, as well as a wider scope, stating “The valuable experience of SHIP-LOG’s management and employees will help us to further strengthen our operation in Denmark and the worldwide forwarding operation.” Main offerings that will be bolstered include supply chain management, freight, inventory management and manufacturing optimisation, for sea freight, air freight, road transportation and courier services.

Eimskip buys majority stake in Danish logistics company SHIP-LOG

Throughout the deal process, Sigfússon and the firm’s M&A team were supported by advisors from Baker Tilly, building on a long standing relationship between the two companies. In 2015 the Dutch wing of the global accounting and consulting group advised on the acquisition of Jac. Meisner, a reefer logistics based in the Netherlands, and last year the firm served as buy-side advisor for the purchase of Extraco, another freight forwarding and reefer logistics services provider based in Rotterdam. 

For the SHIP-LOG transaction, Eimskip once again turned to the corporate finance, transaction support and legal arms of Baker Tilly, with resourcing provided from the firm’s offices in the Netherlands (‘Baker Tilly Berk’) and Denmark ('Baker Tilly Denmark’).

“We are very excited to become a part of the Eimskip group as we believe that we can bring knowledge and expertise to the group”, commented Simon Steenholt and Mads Dalsgaard, CEO and Partner at SHIP-LOG. They added that they see significant expansion potential through leveraging synergies in their respective business models: “In the past, Eimskip and SHIP-LOG have been focusing on different commodities and we foresee that both companies will benefit from each other’s experience in growing into new markets and commodities. Being a part of Eimskip enables SHIP-LOG to continue the positive growth through significant mutual synergies.”