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.

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.

Latest news

See all jobs