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Royal Arctic Line buys an Arctic container ship from Shipbuilding Repair Yard
Author:Mariusz Dasiewicz
As reported in the press release of the Royal Arctic Line shipowner from Greenland, a contract was signed on 20 December for the purchase of a new container ship to handle the connection between eastern Greenland and Iceland. Interestingly, the contract concerns one of the two B203 ships which were ordered and built at Shipbuilding Repair Yard and not received by the same shipowner.
The broken contracts and the unclaimed ships are the scourge of every shipyard. The enormous cost of construction is the money invested, which, instead of making a profit, becomes a huge ballast and impairs the liquidity of even prosperous companies. Shipbuilding was placed in such a situation in mid-2015 when the Greenlandese shipowner Royal Arctic Line (RAL) partially broke the contract for the construction of a total of five Arctic container ships and picked up only three units.
Royal Arctic reported that it decided to purchase one of the previously unreceived ships, an arctic container ship with a load capacity of 108 TEU, which from Shipbuilding Repair Yard is to be handed over to the Greenlandese shipowner as early as April 2020.
Royal Arctic Line reported that the purchased ship would swim primarily between Reykjavik and Tasiilaq. This will significantly improve the operation of the East Coast, both in terms of frequency and connections to the world. The investment in the new unit means at the same time 50 percent more connections with Tasiilaq during the favourable weather conditions. Such a change means for Tasiilaq to connect to a global logistics network. By combining shipping and air transport, products from this city will be able to reach most places in the world within 72 hours.
Source: Splash247
