Royal Arctic Line chairman supports break from historic monopoly

The chairman of carrier Royal Arctic is ready to open talks with its owner, the Greenlandic Government, and discuss breaking from its current monopoly on Greenlandic salings. The historical concession is expensive for Greenland, chairman Kuno Fencker tells ShippingWatch.

Photo: PR-foto/Royal Arctic Lines

Royal Arctic Line is floating the idea of breaking several decades of monopoly in Greenland by declaring itself ready to give up its exclusive hold on sea freight.

The state-owned company has been alone in sailing goods in the country's waters since 1993, but this could be history a few years from now as Royal Arctic Line's management airs the idea of unleashing market forces in the wake of its collaboration with Eimskip.

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