Struggling Royal Arctic Line lost USD 5.8 million in 1st half of 2014

Construction efforts in Greenland remain slow, and this - combined with the general slowdown - has a big impact on the finances of Greenland-owned Royal Arctic Line. This development is being counteracted with tight cost management and major savings, and the carrier thus achieved a significantly better result than in first half of 2013, says Royal Arctic Line in its 2nd quarter interim report.
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