Eimskip has revealed higher-than-expected costs as it sold and took delivery of ships during the pandemic-blighted first quarter.

One of the ships — the company's biggest ever — was handed over on Saturday.

The 2,150-teu Dettifoss is one of two of the Icelandic boxship and reefer player's $32m, delayed newbuildings due from Huangpu Wenchong Shipbuilding in China.

The shipowner sees the delivery as an important milestone for its vessel-sharing agreement with Greenland carrier Royal Arctic Line (RAL) that is scheduled to start in June.