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Royal Arctic Line's profit shot up in 2015

Growing freight rates, approved rate increases and a lower oil price all contributed to boosting profits at Royal Arctic Line in 2015, the carrier writes in a corporate statement Friday.

Photo: POLFOTO/Ole G. Jensen

In 2015, Royal Arctic Line achieved a profit of USD 13.9 million before taxes, which represents a big improvement from 2014 when the carrier delivered a profit of USD 5 million.

The financial result for 2015 constitutes an aggregate improvement of USD 8.85 million compared to 2014, according to the Greenland-owned carrier in a corporate statement on Friday.

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