Germans Tax Scheme Continues to Fund Low Cost Container Vessels

Germany continues to be the world’s main success story for shares in shipping by the “little people” – not leprechauns, but the great middle class seeking tax breaks. Operating in a similar fashion to the Norwegian K/S system, Germany’s ship shares scheme allows purchasers of shares to gain tax cuts in Germany.

At first, the scheme was applied to German-built ships only, but this year it has gained increasing success in attracting investors to ships built in foreign yards. One of the latest offerings is from one of the companies which has shown startling success – Norddeutsche Vermögen – which is now offering the German public shares in the 3,600 TEUs containership Northern Dignity. Norddeutsche has ordered the ship from South Korean yard Hyundai Heavy Industries (HHI) at a price of US$46.5 million for delivery later this year.

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