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10/03/2014at 11:23

Royal Arctic Line makes first deficit in 20 years

A strong decline in cargo volumes to and from Greenland has triggered a deficit at Royal Arctic Line of USD 2.6 million. This marks the carrier's first deficit since 1995.
Photo: Royal Arctic Line
BY OLE ANDERSEN

Royal Arctic Line finds itself in the red for the first time since 1995 due to the economic slowdown, which has led to a strong decline in cargo volumes.

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