Japanese owners push for tonnage tax overhaul

Japan's shipowners are pressing Tokyo for a fundamental overhaul of the country's tonnage tax regime, including opening the system directly to shipowners and relaxing its reliance on Japanese-flagged tonnage. Japan Shipowners' Association president Hitoshi Nagasawa, who is also chairman of Nippon Yusen Kaisha (NYK), said the changes have been made a priority request for fiscal…