Tag: Moore Stephens

Shipping confidence improved for the third successive quarter in the three months to end-November 2016, according to the latest Shipping Confidence Survey from Moore Stephens.

Moore Stephens has said that the Autumn Statement from the UK Chancellor of the Exchequer should provide stability for UK businesses. While there are no new developments relating specifically to the shipping industry, there are a number of items worthy of note.

Vessel operating costs are expected to rise in both 2016 and 2017, according to the latest survey by international accountant and shipping consultant Moore Stephens. Repairs and maintenance and spares are the cost categories which are likely to increase most significantly in each of the two years.

Moore Stephens has said that total annual operating costs in the shipping industry fell by an average of 2.4% in 2015. This compares with the 0.8% average fall in costs recorded for 2014, and is the fourth successive overall year-on-year reduction in such costs.

According to the latest Shipping Confidence Survey from accountant and shipping adviser Moore Stephens, shipping confidence, notably on the part of charterers and managers, has been improved for the second successive quarter in the three months to end-August 2016.

The second annual Moore Stephens Shipping Risk Survey revealed a fall, when compared to last year, in the overall level of satisfaction on the part of respondents that sound risk management had contributed to the success of their organisations. The involvement of senior management in managing risk at the highest level also declined against last year.

The shipping industry must adopt a transparent, proactive approach to corporate governance or else risk exposure to business and reputational damage, according to International accountant and shipping adviser Moore Stephens.

Overall confidence levels in the shipping industry rose slightly in the three months to May 2016, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens.

Overall confidence levels in the shipping industry fell to a record low in the three months to February 2016, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens.

Moore Stephens says the UK Budget 2016 contains a number of surprise developments which are likely to be of interest to the shipping sector, as well as a radical set of measures which it is hoped will assist the offshore maritime oil and gas sector.