ShippingWatch

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.

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?

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