Faroe Business Report. Ship management and human resources consultancy, opened for business, with partner Mr. Joensen as managing director.   With specialist knowledge of the Faroe Islands International Ship Register (FAS), the Faroese company manages merchant vessels under a range of international flags, including the Faroese. FAS advantages include a 18-percent tax on corporate profits, […]

Sunday, 30 January 2011


The meeting was held at the Monaco Business Center on the 10th of January 2011 Following persons were in attendance at the meeting: The managers of the initiative: Pauli Joensen, FMS Ltd. Morten Milthers, Wind & Water, DK Chris Anderson, 4C Offshore, UK Thomas S. Wissmann, WIND4EVER, D Attending were also: Bernhard Cramer, Bernhard Cramer […]

Monday, 10 January 2011

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

Offshore Wind Energy in Europe conference

How to construct, connect and operate a profitable offshore wind farm in Europe Imagine being able to hear from every successful offshore wind project manager, asking how to overcome challenges and discussing with your peers in both structured & informal settings how to ensure you beat critical time & budget constraints… At this two day […]

Tuesday, 30 November 2010

Konference – Penge & Paragraffer

EMUC og Søfart vil gerne udfordre det maritime erhverv på efterkrisens tider. Dagens Program (Hent præsentationer ved at klikke på foredragsholder) 09.00-09.30: Åbnings tale Henrik Lund Dal, Group CFO & Partner, Clipper Group A/S 09.30-10.00 : Shippingmarkederne det næste års tid – Hvad er verdensmarkedets indikatorer? – Skibspriser & værdiudvikling – Tendenser indenfor container, tank & […]

Tuesday, 30 November 2010

Visit a danish ship-owner in Svenborg

Pauli Joensen has been in Svenborg for a meeting whit a danish ship owner, that has plan to ref-flag 3 vessels to the Faroe Island International shipregister

Friday, 26 November 2010

Our Brokers have sold a Víkingur from the Faroes to Iceland

To day our ship brokerage have sold a fishing boat a Víkingur from the Faroe Island to a client in Iceland. Whether you what to buy or to sell you fishing boat, we can guide you throughout the entire S&P process, from inspection and through the contract conclusion. For more information about our sale and […]

Thursday, 25 November 2010

Replacement trips of Navigational officer

We have to day provided a replacement Navigational officer for a 4 week job on-board the Tugboat Svitzer Ran. If you need personal for a replacement trips please contact Faroe Maritime Services

Monday, 01 November 2010

M/S Smyril is testing LED lighting systems onboard

The state owned ferry company Strandfaraskip landsins have been testing two LED lighting systems onboard M/S Smyril By converting to LED and HID lighting systems, ships could save 87 percent of the electricity used on existing lighting systems, according to a new study on lighting Faroe Maritime Services have assisted strandfaraskip landsins in this matter.

Sunday, 31 October 2010

Visit on Morska repair Yard

Pauli Joensen visited a Norwegian vessel which was in the Morska shipyard. The plan is to re flagging the vessel to the Faroe Islands international shipping register the ship-owner has 3 vessels.

Thursday, 28 October 2010