Since 2015, the freight rates have been flat for Royal Arctic Line, which operates the inner Greenlandic waters and represents a commercial lifeline on the stretch of ocean between Greenland and Denmark, Iceland and the Faroe Islands.
But the Greenlandic operator, which is fully owned by the Greenlandic home rule administration, predicts that a required switch to low-sulfur fuels could lead to extra costs of DKK 50-80 million (USD 8-13 million).
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