DIS and tonnage tax costs Denmark USD 135 million

The Danish government spends USD 135 million a year on state subsidies for the shipping companies. A theoretical piece of math, says the Danish Shipowners' Association.

The Danish state subsidies to the shipping companies costs USD 135 million a year in indirect grants, says the government's annual review of the programs for state subsidies for Danish business.

The price of letting Danish shipping companies pay net wages to employees on ships in the Danish International Ship Register (DIS) runs to USD 118.5 million a year, according to the numbers reached by the Danish Ministry of Business and Growth. The amount has been classified as indirect state sudbsidies, corresponding to the government's loss of tax revenue from Danish mariners.

Read the whole article

Get 14 days free access.

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

Several factors explain the plummeting dry bulk rates

Dry bulk rates have taken an unusual dive at the beginning of 2022. Most recently, the Baltic Dry Index dipped by 4 percent Friday. Several factors have triggered a ”panic in the market,” an analyst explains to ShippingWatch.

Latest news

See all jobs