Crude oil carriers are waiting patiently for the market upswing they have predicted for more than a year but so far has failed to appear. At least when looking at spot rates, currently negative for supertankers (VLCCs).
Overall, the market is quite poor at the moment, states DNB Markets to ShippingWatch.
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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.