UK-based analysts Drewry published its projections for Maersk Line's first quarter results on Friday, and the reading is bleak. The firm thus expects a USD 431 million deficit from the Danish container carrier.
For the Maersk Group as a whole, dark clouds seem to be gathering and the conglomerate can look forward to a combined deficit of USD 237 million, notes the analysis, as reported by ShippingWatch on Friday.
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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.