Company Portfoliomanagement, a wind-down agency after Northern German shipping bank HSH Nordbank, came out of 2021 with a net profit of no less than EUR 561m, according to a statement.
This solid profit is due to the upswing in the shipping industry coming in the wake of the Covid-19 pandemic and heavy bottlenecks in global supply chains.
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A VAT dispute in Latvia has now left ferry operator DFDS with millions of kroner in extra costs and a future of navigating a bureacratic minefield. However, the Danish carrier predicts challenges throughout the industry: ”It is only when it’s actually happening, that you realize it is a problem,” warns the company’s indirect tax manager.