European nations give state aid to shipping without knowing the price

Germany, Norway and Denmark do things very differently when reporting how much their state subsidies for shipping cost in terms of tax revenue forgone, show figures from the EU Commission.

Photo: Michael Kooren/Reuters/Ritzau Scanpix

by TOMAS KRISTIANSEN, IDHA TOFT VALEUR, JENS THOMSEN

Even though the shipping industry this year is earning enough money for both container and dry bulk carriers to report record earnings one after the other, European countries look set to maintain their current state subsidies for shipping.

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Danish politicians criticize lenient tonnage taxation of shipping majors like Maersk
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Danish ministry admits to "considerable uncertainty" when calculating state aid for shipping
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