ShippingWatch

Norwegian shipping demands improved framework conditions

The framework conditions of Norwegian carriers must be significantly improved. In particular do too high taxes and charges threaten to slow down the positive development of the Norwegian maritime industry, the Norwegian Shipowners’ Associtaion says.

Too high taxes on ownership, elimination of the  inheritance tax and the Norwegian wealth tax are just some of the issues the Norwegian Shipowners’ Associtaion suggests that Norwegian politicians reconsider if the maritime industry in Norway shall continue to compete on a global scale in a still tougher competition.

“The innovation and creativity of Norwegian shipping are much driven by entrepreneurship. The present ownership taxation is not competitive. It is necessary to remove the Norwegian wealth tax in order to make Norway an attractive place for active owners. Furthermore, we believe that the inheritance tax must be removed and that the regulation concerning fiscal addresses must be harmonised with the surrounding countries,” the Norwegian Shipowners’ Association states in its market development report “Major maritime opportunities” published on Thursday.

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

Maersk Product Tankers expects 2022 to be "not an amazing year"

There’s no doubt that 2021 was a miserable year for the global tanker industry. But 2022 could end up strong, many parties say. Maersk Product Tankers is more doubtful. ”2022 won’t be an amazing year,” CEO Christian M. Ingerslev tells ShippingWatch.

Researcher criticizes TotalEnergies' fuel report

TotalEnergies ignores shipping’s climate adaptions in the company’s prognosis for shipping’s future fuel consumption, researcher says in criticism. Among other things, TotalEnergies supports LNG.

OOCL doubles revenue despite significant drop in volumes

Container line OOCL, owned by China’s Cosco, doubled its revenue in 2021, with the top line for Q4 alone surging by 101.4 percent, the carrier says. This major increase happens despite a dive in container liftings during the quarter.

Related articles

Latest news

See all jobs