Shipping aid will be included in Finnish budget

Now it seems like Finland is finally getting its new tonnage tax legislation. When drawing up the budget estimates, the Finnish Government has decided to include a comprehensive support for shipping. The most important component will be the revised tonnage tax, which according to Mika Nykänen of Finnish Shipowners’ Association dramatically will improve the international competitiveness of Finnish shipping companies. 

“This is a historical package for Finnish shipping and we are most pleased that it also will strengthen the employment situation for Finnish seafarers,” Mr Nykänen states.