Siem Offshore loses tax case against financial police

CEO Terje Sørensen from offshore carrier Siem was acquitted on the charges of tax evasion while the company was hit with a fine for about USD 646,000.

Photo: Siem Offshore

The District Court of the Norwegian city Kristiansand acquitted CEO of the offshore carrier Siem, Terje Sørensen, this Monday on the charges of tax evasion from the Norwegian Financial Police, which concerned the lack of filing tax returns. The company was sentenced to pay a fine of USD 646,000, according to a statement from Siem Offshore.

The Kristiansand District Court based the ruling on the fact, that none of the alleged actions were willful. Siem Offshore will now consider whether to appeal the ruling.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs