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.

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Wärtsilä Reports Healthy Ship Power Sector in Q1 2014

In its interim financial report January to March 2014 Wärtsilä notes healthy development in ship power and services offsetting challenges in power generation markets.

No Lift for Konecranes as Q1 2014 Profit Slips

Finnish crane maker Konecranes on Thursday reported a 32-percent fall in its core quarterly operating profit amid slow demand and tight competition. January-March 2014 operating profit,

GulfMark Offshore Records Highest Ever Q1 Revenue

Houston-based GulfMark Offshore President & CEO Quintin Kneen commented on his company's first quarter 2014 financial report: "We recorded our highest first quarter revenue ever,

 
 
Maritime Contracts Naval Architecture Navigation Offshore Oil Pipelines Salvage Ship Electronics Ship Repair Ship Simulators 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: 0.0962 sec (10 req/sec)