Eimskip, the Icelandic shipping group, is to become the first big company to emerge from the wreckage of Iceland’s banking crisis after creditors unanimously approved a plan to take over the country’s oldest publicly listed company.

The move seals Iceland’s biggest restructuring outside the financial sector since it was plunged into a severe banking crisis in 2008, forcing the country to nationalise its largest lenders and turn to the International Monetary Fund for a bail-out.