FSV puts fleet investments worth €50 million on hold

by
editorial staff

Service shipping companies are tightening their belts and preparing for tougher times.

The resource rent tax hits hard along the coast. In the course of a couple of weeks, investments worth over a billion have been stopped. In addition, stock market values ​​of over €30 billion have gone up in smoke.

Read also: Mowi condemns resource rent tax as “greatest setback” in Norwegian aquaculture industry’s history

“We are in no way a political organisation, but believe that the proposal coming from the government parties is very serious and poorly thought out,” Arild Aasmyr, CEO of FSV group, told Romsdal’s Budstikke .

The Molde shipping company has seen itself forced to put future investments on hold.

“We are investing €50 million over the next 12 months. That is €0.1 million a day. We also have a board resolution to invest a further €50 million in seven new vessels, but this has now been put on hold. All our vessels and everything on board are produced locally. Then it goes without saying that this is bloody serious,” FSV’s chairman Per Olav Myrstad told the newspaper.

“Multi Provider”. PHOTO: FSV Group
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