Increasing cargo volumes boost Royal Arctic Line

Royal Arctic Line beat the odds in an otherwise traditionally challenging first quarter, delivering a positive operating result of USD 129,000. A strong increase in volumes to and from Greenland is a major contributing factor.

Photo: POLFOTO/Ole G. Jensen

Ice and seasonal fluctuations usually put a damper on Royal Arctic Line's business in the first quarter. In fact, the first few months of the year tend to be challenging overall.

But this has not been the case this year, where cargo to and from Greenland has increased significantly when compared to previous years. This helped the company to land a surplus operating profit of USD 129,000 against a loss of USD 386,531 in the same period last year, according to the first quarter interim report.

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

Further reading

Related articles

Latest news

See all jobs