Tag: Moore Stephens

A new international accounting standard dealing with leases could have major implications for companies in the shipping and offshore maritime sectors, and particularly for time charterers, according to international accountant and shipping adviser Moore Stephens.

According to latest Moore Stephens survey, vessel operating costs are expected to rise in both 2015 and 2016

Moore Stephens says total annual operating costs in the shipping industry fell by an average of 0.8% in 2014.

Analysis by Moore Stephens Overall confidence levels in the shipping industry rose in the three months ended August 2015 to their highest level this year, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens.Respondents to the survey were concerned predominantly about low freight rates and overtonnaging, with continuing doubts also expressed about private equity funding.In August 2015, the average confidence level expressed by respondents in the markets in which they operate was 5.9 on a scale of 1 (low) to 10 (high). This compares to the 5.3 recorded in May 2015, which equalled the lowest figure recorded in the life of the survey, launched in May 2008 with a confidence rating of 6.8.All main categories of respondent recorded an increase in confidence this time, most notably charterers (up from 4.2 to 6.5) and owners (up from 5.1 to 5.8). The confidence of brokers, meanwhile, was up from 4.8 to 5.2, and that of managers from 6.1 to 6.4.Geographically, confidence was up in Asia from 4.9 to 5.8, in Europe from 5.3 to 5.9, and in North America from 6.0 to 6.3.While some respondents were confident that the shipping markets would improve in line with ...

Shipowners likely to be affected by changes to the taxation of non-UK-domiciliaries have been urged not to panic

Overall confidence levels in the shipping industry fell during the three months to May 2015 to a level equal to the lowest rating

Moore Stephens says shipping faces increased exposure from failure to manage risk

Overall confidence levels in the shipping industry fell during the three months to February 2015

Moore Stephens has welcomed further specific assistance to the offshore oil and gas sector contained in the UK Budget 2015

Moore Stephens says the time is right for shipping to seek financial backing from the private equity sector