Icelandic container line Eimskip has hired an experienced banker as its new CEO.

Vilhelm Mar Porsteinsson is replacing Gylfi Sigfusson on 24 January.

Sigfusson is heading to the US to run Eimskip there and in Canada, as well as Eimskip Logistics.

Porsteinsson is managing director of corporate and investment banking at Islandsbanki.

"In his work he has gained vast knowledge and experience in financial markets and company management, which will be valuable in his new role at Eimskip," the company said

Porsteinsson said: “I am very grateful for being trusted to lead Eimskip, a solid company in...