ShippingWatch

Swedish carriers: We are perishing while politicians talk

The political tug of war involving the Swedish tonnage tax risks killing off the Swedish shipping industry quietly and unhurriedly. The Swedish Shipowners’ Association is fighting for its members, and its CEO still hopes for a lifeline.

The Swedish merchant fleet is at its lowest since 1970. The number of ships in the fleet is, as ShippingWatch wrote last week, down to just 314 Swedish-flagged vessels, and in ten years, the Swedish merchant fleet could be a thing of the past, a new analysis has shown. But it probably will not go that far, estimates the CEO of the Swedish Shipowners’ Association Christer Schoug.

“Undoubtedly, it presents a great challenge, and there are a number of reasons why we are in this situation. Of course, the main reason is that in Sweden we do not have tonnage taxes. Add to this the high taxes to the Swedish maritime authorities,” Christer Schoug says.

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

Maersk rejects shippers' complaint in USD 180m dispute

U Shippers has no case in a contractual dispute reported to the US Federal Maritime Commission, Maersk writes in a response to the FMC. Moreover, the case should not even be a matter for the commission, the company says.

Further reading

Related articles

Latest news

See all jobs