Several small carriers which operate in niche markets across the globe have been more or less able to shelter themselves from the massive downturn that has enveloped the large deep-sea carriers.
According to a review, which SeaIntel has performed of available financial reports from the group of container carriers that rank between 20 and 100 measured in capacity, 67 percent of these small and medium-sized container carriers have achieved positive earnings in this year's third quarter.
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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.