Search results for: account

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  • 15 June 2016
    Business & Finance

    An accounting probe launched into the financials of the South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. (DSME) has found an accounting fraud in the amount of some KRW 1.5 trillion (USD 1.28 billion), The Korea Herald reported. The inspection also revealed that the company’s management undertook business projects without legitimate procedures. Furthermore, the shipbuilder’s main creditor Korea Development […]

  • 14 July 2016
    Business & Finance

    The former Chief Financial Officer of the financially troubled Daewoo Shipbuilding & Marine Engineering (DSME) has been charged with taking part in the company’s accounting fraud worth KRW 5.4 trillion (USD 4.6 billion), according to Yonhap News Agency. Identified only by his surname Kim, the CFO was allegedly involved in the fraud during the period between […]

  • 23 June 2009

    We are pleased to announce that Jesper Cramon takes up the position as Head of Group Accounting of the A.P. Moller – Maersk Group on 1 August 2009, replacing Per Møller, who retires after 22 years with the Group. Jesper Cramon (40) joined the Group in 2003. Jesper has held various positions in Group Accounting […]

  • 22 November 2010

    In company announcement No. 40/2010 of 26 October 2010, Vestas informed about its considerations in relation to a potential change in accounting policies, which could have a significant effect on previous as well as future financial statements. As illustrated in this announcement, the consequence of the new policy regarding recognition of revenue for supply-and-installation projects […]

  • 20 July 2015
    Business & Finance

    Blackbird International Corporation (BBRD) has hired Dov Weinstein in an effort to seize the many opportunities the growing renewables energy market offers. BBRD is the sole shareholder of Wave Electricity Renewal Power Ocean Ltd (WERPO), an Israeli wave energy developer. Dov Weinstein is an accountant with years of experience operating his own certified public accounting […]

  • 19 July 2016
    Business & Finance

    Three more institutional investors have filed lawsuits against the South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) over the KRW 5.4 trillion (USD 4.6 bilion) accounting fraud, The Korea Herald reports. Government Employees Pension Service and Teachers’ Pension filed the lawsuit against the company for compensation of some KRW 22 billion (USD 19 million). In […]

  • 27 July 2016
    Business & Finance

    The former Chief Executive Officer of Daewoo Shipbuilding & Marine Engineering (DSME), Ko Jae-ho, has been formally accused of taking part in an accounting fraud worth KRW 5.4 trillion (USD 4.6 billion), according to Yonhap News Agency. South Korea’s prosecutors are charging Ko Jae-ho with fraud, breach of trust, and violating the Financial Investment Services and Capital Markets […]

  • 7 August 2014
    Business & Finance, Equipment, Operations & Maintenance

    Michael Redmayne has joined CARIS’ US Operation as the Account Manager for the region. Michael brings with him 10+ years of hydrographic experience from the Royal Navy, the US Navy Fleet Survey Team and from the private sector at Teledyne Odom, where he spent the last 4 years as the Senior Hydrographer responsible for Technical […]

  • 9 September 2013

    London Array, the world’s largest offshore wind farm, has appointed DSH Chartered Accountants & Business Advisors in Maidstone to provide it with accounting and tax services for the next three years. For DSH partner Duncan Cochrane-Dyet, the appointment is recognition of the quality of DSH’s teams.  “When we were invited to tender, we knew it […]

  • 23 July 2013

    World class boat building and ship repair facility, Mustang Marine has selected Exchequer accounting software from Advanced Business Solutions. Mustang Marine (Wales) Ltd is a leading boat building and ship repair based in Pembroke Dock. Their impressive engineering facility supplies boats for commercial use including pilot boats, workboats and passenger vessels to customers on a […]

  • 21 October 2016
    Business & Finance

    Alang-based yard Leela Ship Recycling has become the first ship recycling facility in South Asia to receive the Social Accountability certification, as per SA8000 standards. “Being the first ship recycling yard in South Asia to obtain a Social Accountability certification, clearly demonstrates our hard work and dedication to improving worker Health and Safety standards at […]

  • 17 January 2017
    Business & Finance

    The head of the financially-troubled South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) was interrogated by prosecutors on January 17, 2017, due to allegations that the firm altered accounts and figures to hide its losses, local media reported. Jung Sung-leep, DSME’s President and CEO since May 2015, has been reportedly charged with underreporting some KRW […]

  • 18 January 2017
    Business & Finance

    Ko Jae-ho, the former head of the ailing South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME), has been sentenced to 10 years in prison by a lower court in Seoul over accounting fraud, Yonhap News Agency reports. The Seoul Central District Court found Ko, who held the position of DSME’s President and CEO from […]

  • 19 September 2013

    China’s Wison Engineering Services Co. Ltd. has informed that some of its bank accounts have been seized by the authorities as part of an investigation. In a separate filing to the Hong Kong exchange, Wison also said its CFO Chen Wenfeng had resigned “to pursue other business opportunities.” The company claims it has not been informed about […]

  • 23 July 2015
    Business & Finance

    Singapore’s Atlantic Navigation Holdings Limited informed its shareholders that there had been unauthorised withdrawals of funds from the bank account of Atlantic Maritime Group FZE, a wholly owned subsidiary of the company, for an aggregate amount of USD 736,000. Atlantic Navigation said that the funds in connection with the unauthorised withdrawal were purportedly transferred to […]

  • 18 April 2014
    Business & Finance

    MT Højgaard, after The High Court of London has ruled against their favor in Robin Rig case, will seek permission to appeal the ruling to The Court of Appeal.  In 2007-2008, MT Højgaard designed, manufactured and installed foundations for the Robin Rigg Wind Farm off Scotland’s west coast. After deployment, weaknesses were discovered in the concrete structures […]

  • 4 July 2018
    Business & Finance

    Transparency and accountability flaws could hinder IMO’s ability to deliver on its own climate goals.

  • 29 April 2015
    Business & Finance

    Anadarko Petroleum Corporation has named Christopher O. Champion as Vice President, Chief Accounting Officer and Controller, effective June 1, 2015. Champion will succeed M. Cathy Douglas, who is retiring after more than 35 years with the company. Anadarko Executive Vice President, Finance and Chief Financial Officer, Bob Gwin, said:“We are thrilled to have someone of Chris’s caliber […]

  • 5 June 2012

    Shipowners are being urged to hold crewing agents more accountable as crew standards face increased scrutiny. With shipboard crewing levels at a bare minimum in some cases as owners look to reduce operational costs and onboard technological challenges increase, Norwegian insurer and P&I club Skuld is urging its members to hold those responsible for crew […]

  • 23 July 2015
    Business & Finance

    Singapore’s Atlantic Navigation Holdings Limited informed its shareholders that there had been unauthorised withdrawals of funds from the bank account of Atlantic Maritime Group FZE, a wholly owned subsidiary of the company, for an aggregate amount of USD 736,000. Atlantic Navigation said that the funds in connection with the unauthorised withdrawal were purportedly transferred to […]

  • 14 January 2016
    Business & Finance

    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. The new standard, IFRS 16, is effective for periods beginning on or after 1 January 2019, although early adoption is […]

  • 7 June 2018

    Pakistan’s National Accountability Bureau (NAB) launched an inquiry against former prime ministers Nawaz Sharif and Khaqan Abbasi in relation to irregularities on an LNG project.