Svitzer is coming to Faroe Islands.
Source: Shipgaz Svitzer has now choose to re-flag their Swedish flag vessels to the Faroe International Shipping Register (FAS). This is with reference to the fact that ships are not competitive under Swedish flag and the Faroese ship registry is the most advantageous for the employees. “We have informed our employees and unions about our intentions. We want an open process, ” says Torsten Holst Pedersen, managing director of Svitzer Scandinavia, to Shipgaz. There are not yet quantified the number of Svitzer ships to be transferred to FAS, but Mr. Holst Pedersenestimates that it will be a 10-12 pieces. “We have chosen the Faroe International Shipping Register of interests of our employees. The Danish DIS is anet wage system. It would mean that our employees would pay zero tax in Denmark, but then 35 percent taxin Sweden. And then it will not be so much left. Contrary to the Faroe Islands which offers a tax rebate for the personal, “says Torsten Holst Pedersen. He hopes that the process will be completed during the first quarter of next year.
Tuesday, 30 November 2010