High North News - English

The fishery company Royal Greenland delivers a positive result in 2025 after two challenging years, the company states in a press release.

Revenue amounted to DKK 5,677 million compared with DKK 5,622 million the previous year. Operating profit (EBIT) was DKK 299 million, up from DKK 161 million in 2024. The result after special items shows a modest profit of DKK 6 million.

The result marks an important step in the recovery of the company’s financial performance and has been achieved despite lower catch volumes, states Royal Greenland.

“Even though we have had fewer raw materials to work with, we have managed to maintain our revenue. This is due to rising market prices, but to an even greater extent to a focused effort across the organisation, with tight cost control and efficiency improvements, allowing us to create more value from the raw materials,” says CEO Toke Binzer.

Royal Greenland A/S is an independent limited liability company, with 100 % of the shares owned by the Greenlandic Government.

The British aircraft carrier HMS Prince of Wales is arriving in Norway in connection with allied training activities, the Norwegian Armed Forces announces in a press release.

The Portsmouth-based aircraft carrier is being joined by two other vessels and is heading towards Norwegian waters. Together, the vessels will participate in exercises with NATO and the Joint Expeditionary Force (JEF) throughout the deployment, as a contribution to the collective defence of the region.

The force will operate, among other things, in the fjord areas outside Bergen, where exercises will be conducted.

The focus will then shift north towards operations in the High North and on the high seas, where the force will participate in NATO's largest anti-submarine exercise in Northern Europe, Dynamic Mongoose.

“The fact that an aircraft carrier like HMS Prince of Wales is training in Norwegian waters shows how important the High North is to our Allies. The UK and the Royal Navy are among those with whom we cooperate most closely,” says Vice Admiral Rune Andersen, Chief of the Norwegian Joint Headquarters. He adds that the exercises strengthen the ability to cooperate and make the British more familiar with the operational environment in the north.

In recent months, the US has held regular consultations with Denmark and Greenland about expanding its military presence in Greenland, anonymous US officials told BCC.

According to BBC sources, the US wants to establish three bases in southern Greenland to monitor Russian and Chinese maritime activity. The closed Narsarsuaq air base is mentioned as a possible option. Washington D.C. has also proposed that these should become sovereign US territory, one of the sources said.

“We will not give away a stamp of our territory. That would be a red line,” Greenland’s Prime Minister Jens-Frederik Nielsen (Demokraatit) told Danish TV2 on Tuesday.

Nielsen also stated that he could envisage an increased US presence in Greenland.

The US desire for access to three new areas on the island became known in March when the head of the US Northern Command, General Gregory M. Guillot, spoke at a hearing in the Senate Defense Committee.