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.

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