GROUP STRUCTURE

FMS Ltd announces changes in the board

To day: Faroe Maritime Services Sp/f has made some changes in Board. Jan-Erik Semmelroth, Humlebæk announce that he had decided to step down as board member. And now can we welcome the new board member Inga Joensen New board: Pauli Joensen, Sundsvegur 11, 100 Tórshavn (Board Director.) Inga Joensen, Sundsvegur 11, 100 Tórsahvn (Board Member) Sámal

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New Swedish agent – Pollux Shipping

We are pleased to announce that Pollux Shipping and FMS have today signed a contract with appointed Pollux Shipping as our Swedish agent. Pollux Shipping is a shipping company and maritime consultancy firm. That are providing services to a diversified client base that includes shipping companies, oil companies, banks, investors, insurers-, management-companies, brokers and suppliers within the shipping industry. Pollux Shipping

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FMS Ltd announces new chairman of the board

Following a long and illustrious career in maritime industry, Sámal Jákup Joensen is stepping down as Chairman of FMS Ltd. He will continue as a member of the board of directors of FMS Ltd. and of Faroe Maritime Services,Shipbrokers and Samtrade. Pauli Joensen will take over as Working Chairman of FMS Ltd and the company´s activity\’s Faroe Maritime Services, the Shipbrokers

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Voluntary Liquidation of Nordic Offshore Faroe Island

Date: June 24, 2011 at. 09:00 to 11:00 Subject: Discussion on change of situation and Voluntary Liquidation of Nordic Offshore Faroe Island. Board Meeting: Nordic Offshore Faroe Islands Location: Fåborg, Denmark All Board Members where present: Søren Mikkelsen, Carl Erik Olsen, Pauli Joensen and Sámal Joensen. It was agreed that the Nordic Offshore FO will cease

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‘EVERYTHING THAT SHIPOWNERS DO EXCEPT OWNING THEIR SHIPS’

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,

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