ShippingWatch

Royal Arctic Line on 2017: nobody could have wished for such a tough year

Greenlandic carrier Royal Arctic Line booked a deficit in 2017 and the carrier calls the result unsatisfying. "None of us wanted the transformation year of 2017 to be so tough."

Photo: /ritzau/Thomas Yde

There is not a lot Royal Arctic Line can say about 2017 which is positive.

In management report, CEO Verner Hammeken and chairman Kuno Fencker point out that the changes in Royal Arctic Line are necessary and that 2017 has been a year full of transformations, which have also been tough on the company.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Alphaliner: HMM set to go private in 2022

The South Korean state is reportedly prepared to divest container line HMM after having rescued the company from bankruptcy in 2016. According to Alphaliner, South Korea's central administration has confirmed a plan to privatize the carrier in 2022.

400 people risk being laid off at Seadrill

Once the contracts for two of Seadrill's drilling rigs expire, around 400 of the company's 1,050 employees are at risk of losing their jobs, reports media. Labor union expects the carrier to announce dismissals prior to Christmas.

X-Press Feeders orders eight methanol-powered container vessels

Singapore-based carrier X-Press Feeders has placed an order for eight new container vessels capable of sailing on both green methanol and conventional bunker oil. The ships will be delivered in 2023 and 2024. The carrier initially announced the order as being for 16 new ships but has since adjusted this number. Updated.

Further reading

Related articles

Latest news

See all jobs