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Tanker Operator Article on Norwegian Taxes and Environmental Improvement

Norwegian ship owners meet a several billion NOK tax, but can get a 30% relief if this money is spent on improving ships’ environmental standard.

If the ship owners install technology which returns investments, there will be an actual tax relief. Needless to say, the cost of Venturie’s technology is easily and quickly recovered, but ship owners need to make sure charterers get the bill. After all, they see the saved money first.

The article also mentions vapour recovery during STS operations, and will be found in the Nov-December issue.