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Media: Outdated tax rules force Orca to sail under Cypriot flag

The heavy-lift Pacific Orca vessel is not sailing under the Danish flag due to the old tonnage tax rules, which prevent Orca from becoming a part of The Danish International Ship Register. This ought to be changed so the offshore area is included in the legislation, says The Danish Shipowners’ Association, according to the Danish media, Berlingske Business.

BY LOUISE VOGDRUP-SCHMIDT

Pacific Orca and its General Manager Lars Blicher would have liked for the heavy-lift vessel to sail under the Danish flag and thereby pay Danish taxes. However, the Danish legislation precludes Pacific Orca from this because the laws are not geared to the growth in the Danish offshore business. Niche vessels such as the gigantic ship Orca is not a part of the legislation, writes the Danish media, Berlingske Business.

An exception in the tonnage tax law from the 1990s has the effect of precluding vessels, which are connected to offshore activities such as wind mill parks, from The Danish International Ship Register.

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