Lower Singapore tax lets Straits Tankers grow

Straits Tankers in Singapore has had its taxes lowered to 10 percent and has in return committed itself to hiring more local employees. The Asian shipping nation is presenting new initiatives to strengthen the cluster.

BY TOMAS KRISTIANSEN

Less than two years after Straits Tankers was established in Singapore, the Danish-Japanese pool managment company has been awarded the attractive MSC scheme, having its taxes lowered to ten percent in recognition of its business developments.

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