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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.

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