Royal Arctic Line to be stripped back to core business

Royal Arctic Line has launched a new strategy which will significantly alter the Greenlandic company in the years leading up to 2020, says CEO Verner Hammeken to ShippingWatch. It also paves the way for completely new partnerships with players in the Atlantic.

Photo: PR-foto/Royal Arctic Lines

The next few years will see significant changes for the Greenlandic shipping company Royal Arctic Line.

Three months ago, the company's CEO Verner Hammeken sat at the head of the board table and in his own words, looked at the business with fresh eyes - before deciding to radically alter the vision. Together with the rest of management, Hammeken presented a new strategy to ensure that the company is stronger in the future and can meet the challenges looming on the horizon.

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

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs