Two years of prison, eight months of which are conditional, is the sentence that awaits 62-year-old Idar A. Iversen, who has served as CEO of companies including Odfjell Drilling, according to several Norwegian media.
The court concluded that Idar A. Iversen committed tax evasion for tax payments worth a total of about USD 1.2 million as a result of him placing earnings of USD 3.5 million and assets of USD 24 million in foreign companies in Scotland, Cyprus, and Isle of Man.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
CMA CGM has informed customers following data leakage
The recent hacker attack hasn't affacted CMA CGM's operations according to the carrier. Customers have been notified on the leakage of data, CMA informs ShippingWatch.
ConocoPhillips to buy Shell Permian assets for USD 9.5 Billion
ConocoPhillips agreed to acquire Royal Dutch Shell Plc's Permian Basin assets for USD 9.5 billion in cash, accelerating the consolidation of the largest US oil patch.
Container vessels spend more and more days waiting off major ports
There are no signs that the congestion issues affecting major container ports near Los Angeles and Long Beach are on the verge of resolution. On a global level, the time spent in port for vessels has increased by 11 percent in the last six months, according to analyst firm.
CMA CGM hit by new cyberattack
CMA CGM has been hit by another cyberattack, resulting in a "data leak of limited customer information", informs the French carrier. A year ago, hackers brought down CMA CGM's website.
Stena Line to deploy electric ferries
By 2030 at the latest, Stena Line plans to deploy two electric ferries on the route between Sweden and Denmark. The ferries will be battery-driven, approximately 200 meters long and be able to fit 1,000-1,500 passengers.
Senior Sales Director Naval - Terma 
International shipping company seeks ambitious Group Financial Controller - Lauritzen Bulkers 
Vessel Manager - Ultraship 
COO, C-Level Consulting 
Do you want to help set the agenda for the maritime competencies of the future?