Search results for: Moore Stephens

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  • 16 February 2015
    Business & Finance

    The time is right for the private equity sector to finance products and services designed to keep the shipping industry competitive and achieve regulatory compliance, the international accountant and shipping adviser Moore Stephens says. Alison Jarabo of maritime efficiency specialist Fathom Shipping told the recent Moore Stephens Opportunities in Shipping Services seminar in London that regulation and […]

  • 26 October 2017

    Vessel operating costs are expected to increase in both 2017 and 2018, according to the latest survey by international account and shipping consultant Moore Stephens. Repairs & maintenance and spares are the cost categories which are likely to increase most significantly in each of the two years. The survey, based on responses from key players […]

  • 28 September 2015

     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 […]

  • 1 October 2018

    Moore Stephens: Total annual operating costs in the shipping industry fell by 1.3% in 2017.

  • 28 July 2017
    Business & Finance

    Although the new revenue standard IFRS 15, set to come into force from January 1, 2018, will have a limited impact on the shipping industry, “it can’t be entirely ignored,” shipping consultant Moore Stephens said. The new accounting standard, Revenue from Contracts with Customers, excludes revenues under leasing contracts, so income from bareboat charters and the asset element […]

  • 30 October 2015
    Business & Finance

    Vessel operating costs are expected to rise in both 2015 and 2016, according to the latest survey by international accountant and shipping consultant Moore Stephens. Crew wages, repairs and maintenance, and drydocking are the cost categories likely to increase most significantly over that period. The survey, based on responses from predominantly shipowners and managers in […]

  • 31 March 2014

    Overall confidence levels in the shipping industry rose to their highest level for almost six years in the three-month period to February 2014, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. Freight rates look set to improve or maintain existing levels over the next twelve months, while an […]

  • 16 February 2015
    Business & Finance

    The shipping industry is at a high risk of unauthorised and/or erroneous payments due to the nature of the movement of cash throughout the industry, according to UK-based consulting firm Moore Stephens. Shipping, being a cash-driven business, and the combination of large, frequent and often short-notice receipts and payments does not sit well with private […]

  • 5 January 2017
    Business & Finance

    The shipping industry is expected to use a mixture of experience and innovation to navigate what is likely to be another volatile year for the industry in 2017, shipping adviser Moore Stephens said. The oil prices should continue on an upward trend on the strength of the recent OPEC production cuts. Calls for higher levels of […]

  • 28 July 2016
    Business & Finance

    The shipping industry must adopt a transparent, proactive approach to corporate governance or else risk exposure to business and reputational damage, according to the international accountant and shipping adviser Moore Stephens. Corporate governance in shipping has been in sharp focus recently, particularly following publication of the research by Wells Fargo Securities into Shipping’s Corporate Governance War. […]

  • 28 September 2015

     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 […]

  • 30 October 2015
    Business & Finance

    Vessel operating costs are expected to rise in both 2015 and 2016, according to the latest survey by international accountant and shipping consultant Moore Stephens. Crew wages, repairs and maintenance, and drydocking are the cost categories likely to increase most significantly over that period. The survey, based on responses from predominantly shipowners and managers in […]

  • 4 January 2019
    Business & Finance

    Moore Stephens: Shipping will continue to attract investors in 2019 if it fulfills its ESG responsibilities.

  • 1 July 2015

    Overall confidence levels in the shipping industry fell during the three months to May 2015 to a level equal to the lowest rating recorded in the past seven years, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. Respondents complained predominantly about low freight rates and overtonnaging, while some […]

  • 1 July 2015

    Overall confidence levels in the shipping industry fell during the three months to May 2015 to a level equal to the lowest rating recorded in the past seven years, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. Respondents complained predominantly about low freight rates and overtonnaging, while some […]

  • 4 January 2018
    Business & Finance

    Moore Stephens expects the shipping industry to see optimism outweigh pessimism in 2018.

  • 15 July 2013
    Business & Finance

    International accountant and shipping adviser Moore Stephens has warned that the latest valuation relating to the post-1978 (new) section of the Merchant Navy Officers Pension Fund (MNOPF) will place further financial strain on shipping companies involved in the scheme. Under the valuation, the MNOPF trustees reported a funding shortfall as at 31 March 2012 of […]

  • 11 February 2019
    Business & Finance

    Accountants and advisers BDO and Moore Stephens finalized their merger earlier this month.

  • 29 June 2018
    Business & Finance

    Moore Stephens: Shipping confidence held steady in the three months to end-May 2018.

  • 17 October 2013
    Business & Finance

    International accountant and shipping adviser Moore Stephens has welcomed a decision by the European Commission to keep in place in their current form the guidelines relating to state aid to maritime transport, which include EU tonnage tax regimes. The decision follows an EC review of the guidelines and has been formally communicated to the European […]

  • 20 September 2013

    Overall confidence levels in the shipping industry held firm over the three-month period to August 2013, maintaining the highest level reached since November 2010, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. Doubts persist, however, over the level of excess tonnage and the resultant effect on freight rates, […]

  • 20 October 2016
    Business & Finance

    Total annual operating costs in the shipping industry fell by an average of 2.4% in 2015, compared with the 0.8% average fall in costs recorded for 2014, representing the fourth successive year that the operating costs were in decline, according to shipping consultant Moore Stephens. All categories of expenditure were down for the previous 12-month […]