Wilh. Wilhelmsen opts out of Norwegian Tax Regime

Wednesday, June 18, 2008

The introduction of the new tonnage tax regime, which was approved by the Parliament (Storting) in December 2007, forces Norwegian ship-owning companies out of the previous system. Shipping companies must consequently decide if they want to enter the new scheme.

The board of Wilh. Wilhelmsen (WW) has today chosen not to enter into the new Norwegian tonnage tax regime for the majority of its Norwegian based shipping activities. The basis for the decision is uncertainty related to the predictability and sustainability of the new tonnage tax regime.
The group is moving shipping activities to Malta, but there are no current plans to move the group's head office from its present location at Lysaker outside Oslo.


Finance

Hellenic Petroleum Profits Rise on Higher Exports

Hellenic Petroleum, Greece's biggest oil refiner, posted a 20 percent rise in second-quarter core profit on Thursday, with higher exports offseting lower refining margins.

China COSCO Falls to H1 Net Loss

China COSCO Holdings Co Ltd fell to a first-half loss hurt by a persistent slump in the global container market, the world's fourth largest container shipper said on Thursday.

Weak Freight Rates push Grindrod to H1 loss

Africa's biggest shipping group Grindrod reported a first-half loss on Thursday, pressured by low global growth and declining dry bulk shipping rates but it expects

 
 
Maritime Contracts Naval Architecture Navigation Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0706 sec (14 req/sec)