Royal Arctic Line forced to divest activities

Royal Arctic Line is facing massive challenges and is now offloading activities in order to reduce costs as a part of its new strategy. The carrier needs a critical review of how it solves its tasks, says CEO Verner Hammeken.

Photo: PR-foto/Royal Arctic Lines

Royal Arctic Line is cutting back on activities and selling a number of assets in order to reduce costs in the Greenlandic carrier. The companies Aalborg Stevedore Company and Arctic Base Supply will be divested, while companies like Royal Arctic Logistics and later Royal Arctic Bygdeservice will "disappear", as it is described in a press release from the company.

"Royal Arctic Line still has to supply the villages, but not through a stand-alone company. Royal Arctic Logistics also carries out a number of tasks, especially in Aalborg, which still need to be carried out. To begin with under our own name, but we are initiating a process to examine if we can benefit from doing it with a partner," Verner Hammeken, CEO of Royal Arctic Line, says in the release.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • 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

ECSA's new secretary general balances on a razor's edge

ECSA’s newly appointed secretary general, Sotirs Raptis, has taken up the helm of an organization criticized by its own members for being invisible. In an interview with ShippingWatch, Raptis explains how he intends to alter that image.

Further reading

Related articles

Latest news

See all jobs