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Royal Arctic Line reports significant decrease in cargo to Greenland

The Greenlandic carrier experienced higher inflation in H1 which could put pressure on the business, according to the financial statements. However, the company maintains its expectations.
"Although the half-year figures are in line with expectations, these figures mask a stronger first quarter and a significantly weaker second quarter," the report states. | Photo: Hannibal Hanschke/Reuters/Ritzau Scanpix
"Although the half-year figures are in line with expectations, these figures mask a stronger first quarter and a significantly weaker second quarter," the report states. | Photo: Hannibal Hanschke/Reuters/Ritzau Scanpix
by DANIEL LOGAN BERG-MUNCH

Royal Arctic Line delivers an improved result for the first half of the year, but higher interest rates and inflation cast a shadow on the greenlandic shipping company’s business for the rest of the year.

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