The past two weeks have seen a weakening of spot rates in the container market that’s far more significant than what can be solely attributed to seasonal effects.
Such is the assessment of Sea-Intelligence, and according to the analyst firm, there is now an increased likelihood that rates could be facing a bigger drop and be headed toward a more normal level.
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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.