Royal Arctic Line will have to wait till first quarter for shipyard clarification
Royal Arctic Line will have to wait till the end of the first quarter 2013, at the earliest, for the final economic results of the shipping company's decision to cancel its newbuildings at the German shipyard P+S Werften, says Royal Arctic Line CEO Jens Andersen to ShippingWatch.
BY JAKOB VESTERAGER
Will Royal Arctic Line lose close to USD 6 million, or will the shipping company be able to find another shipyard to complete its newbuildings, resulting in a smaller loss?
Following the full takeover of multipurpose operator Intermarine, Harren Group assumes full control over German SAL Heavy Lift and American Intermarine, with the combined fleet now totaling 50 project cargo carriers.