ShippingWatch

Royal Arctic Line maintains expectations despite larger deficit

Greenlandic liner company Royal Arctic Line maintains its forecast for a 2018 profit, even thouhg the the deficit in the first half of this year was bigger than in the same period in 2017.

Photo: PR

Greenlandic container carrier Royal Arctic Line (RAL) finished the first half of 2018 with a deficit that was larger than in the same period last year.

The DKK 54 million (USD 8.23 million) deficit before taxes is DKK 14 million bigger than in the same period last year, however "slightly better" than the carrier expected. RAL maintains its 2018 expectations to for a positive bottom line, according to its report.

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

OECD downgrades growth forecast for global economy

The global economy is still growing, though it's losing momentum, according to the latest growth estimate of the OECD's Economic Outlook. Bottlenecks in the shipping sector and elsewhere as well as pressure on supply chains have contributed to rising inflation.

Norden reshuffles management and dials up growth ambitions

Norden establishes a new business structure and a new senior management team. This will entail increased growth in the carrier's tanker pool and investments in port logistics for an annual USD 20-40 million, CEO Jan Rindbo tells ShippingWatch.

Further reading

Related articles

Latest news

See all jobs