Marine link
 

Moore Stephens

Moore Stephens Strengthens BI Team in Latin America

Leading accountant and consultant Moore Stephens has recruited insurance analyst Norma Peralta as Operations Manager for Moore Stephens Latin America, based in Panama City. Norma joins Moore Stephens from ProClarity Corporation, the U.S.-headquartered provider of analytical solutions with whom Moore Stephens has a strategic worldwide partnership. Norma's work will involve a range of consultancy, project management, strategic planning, training, sales and demonstration work in connection with Business Intelligence (BI) solutions for the insurance industry.


Moore Stephens Branches Out To Russia

Shipping accountant Moore Stephens has continued its expansion in Russia by opening an office on Sakhalin Island in Russia's Far East. Martin Rix will move from Moore Stephens' Vladivostok office to set up the new facility, while Chris Chasty, a senior shipping partner of Moore Stephens London will be the responsible partner.


Walker Joins Moore Stephens

Moore Stephens has appointed Lloyd's insurance market expert Tim Walker a consultant to its insurance and business intelligence team. Walker has extensive experience of international - and particularly Lloyd's - underwriting markets. He was a director of Miller Underwriting Agencies for ten years until starting his own full-time Lloyd's consultancy in 1993, in which capacity he acts as manager to Charles Taylor & Co, managers of The Stop Loss Mutual Insurance Association Ltd.


Moore Stephens Appointed by Sunderland Marine

Moore Stephens Consulting Ltd., has been appointed by Sunderland Marine to implement a Business Intelligence solution on a Microsoft SQL 2000 platform, coupled with the award winning ProClarity analytical software. The project, which is already underway, will help Sunderland Marine to improve control of risks underwritten and monitor key performance indicators. Stephen Downing, Director from Moore Stephens Consulting said


Wages Push Up Operating Costs

Shipping accountant and business consultant Moore Stephens says a five per cent rise in crew wages last year has pushed up total operating costs for most types of ship. Unveiling OpCost 2002, Moore Stephens' operating cost benchmarking tool, Chris Chasty, head of the shipping group, says, "We have been able to see some clear trends in operating costs over last year. Almost all the ship types we cover have seen total costs rise, with the average about five percent


PE to Keep Ships Afloat

Photo: International Chamber of Shipping

 International accountancy firm Moore Stephens says the shipping sector should approach private equity (PE) providers for funding to support the ‘significant investment’ in technology and services needed to achieve compliance with environmental regulations and to maintain competitiveness.  Private equity investors who have a firm grasp on the potential risks and rewards available in today’s shipping services sector could be a good match for well-founded shipping


Moore Stephens says tonnage tax proposals lack flexibility

Shipping accountant Moore Stephens says draft proposals on the new U.K. tonnage tax regime lack the flexibility shipowners need for timing acquisitions and sales of ships. It also warns that the draft legislation contains a very broad anti-avoidance clause that could cause companies to unintentionally breach the detailed rules of the tonnage tax scheme. Balancing charges will not crystallize on entry. However, they may arise when vessels are sold, although they will be phased out


Shipping Confidence Down

The latest Shipping Confidence Survey by Moore Stephens has revealed a significant drop in overall confidence levels in the market, and an increased expectation that rates in the tanker, dry bulk and container ship sectors will fall in the next twelve months. On a scale of 1 to 10, the average confidence level reported by respondents was 5.6, compared to 6.8 in the previous survey in June 2008.  Confidence levels fell across all sectors and regions and the greater divergence between


FMC, Petrobras $80M Subsea Service Contract

FMC Technologies, Inc. (NYSE: FTI) announced that it has signed a subsea service contract with Petrobras (NYSE:PBR) (NYSE:PBRA) . The agreement is effective through 2012 and is expected to result in an additional $80m in revenue to FMC Technologies. FMC's scope of supply includes storage, maintenance, commissioning and offshore services for subsea and topside control systems and drill pipe riser systems. 10. Moore Stephens, AHL merger


UK Budget 2012 Includes Good Signs for Shipping Industry: Moore Stephens

International shipping adviser Moore Stephens said the UK budget for 2012 contains some encouraging signs for the shipping industry. The government has stated that it will consult later this year on whether to introduce a rule allowing companies with a non-sterling functional currency to compute their capital gains and losses in such functional currency, rather than in sterling, as is currently the case.  “This is of particular relevance for UK companies


US Lease Accounting Standard Updated

Michael Simms (Photo: Moore Stephens)

Shipping and offshore maritime sectors must be alert to implications of new U.S. lease accounting standard   The Financial Accounting Standards Board (FASB) in the United States has issued a lease accounting standard update following the release in January 2016 of an International Financial


Moore Stephens: UK 2016 Budget to Impact Shipping, Offshore Sectors

Moore Stephens tax partner Gill Smith.

UK Budget 2016 provides surprises for shipping and radical measures for offshore maritime sector. Leading accountant and shipping adviser Moore Stephens says the UK Budget 2016 contains a number of surprise developments which are likely to be of interest to the shipping sector


UK Shipping & Transport OMBs Confident of an Up-Swing

Courtesy Barclays and Moore Stephens

A survey by leading accountant Moore Stephens has revealed that over three-quarters of owner-managed businesses (OMBs) in the UK operating in the shipping and transport sector are confident about their prospects for 2016. The survey revealed that


Shipping Must Disclose or Risk Being Exposed - Moore Stephens

logo

International accountant and shipping adviser Moore Stephens says the shipping industry must adopt a transparent, proactive approach to corporate governance or else risk exposure to business and reputational damage.   Corporate governance in shipping has been in sharp focus recently


Shippers Must Monitor Greek Government Changes

Michael Kotsapas (photo: Moore Stephens)

Moore Stephens says shipping must monitor developments in wake of Greek government change   International accountant and shipping adviser Moore Stephens says it is too soon to say whether the Syriza party’s victory in the country’s elections could, as some fear


Moore Stephens Warns Offshore Maritime Sector to Watch Costs and Risk Exposure

Cassie Forman, Moore Stephens Director, Shipping and Offshore Maritime

International accountant and shipping adviser Moore Stephens said today that companies in the offshore maritime sector need to keep a close watch on costs and manage their exposure to risk in the wake of the dramatic fall in oil prices. “It is remarkable how quickly the dramatic fall in oil


Shipping Should Explore Private Equity Funding

Richard Greiner

International accountant and shipping adviser Moore Stephens says the time is right for shipping to seek financial backing from the private equity sector to help fund investment in innovative products and services designed to keep the industry competitive and achieve regulatory compliance.


Shipping Confidence Hits 2.5 Year Low

Richard Greiner, Moore Stephens Partner, Shipping Industry Group (photo courtesy of Moore Stephens)

  Overall confidence levels in the shipping industry fell to their lowest level for two-and-a-half years in February 2015, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens.  


Failure to Manage Risk Posing Larger Threat to Shipping

Levels of sound enterprise and business risk management are currently satisfactory in the shipping industry, a new survey from Moore Stephens has revealed. But the international accountant and shipping adviser warns that companies that fail to embed effective risk management procedures into their


Confidence Low in Shipping Idustry

Image: International Chamber of Shipping (ICS)

 Confidence levels in the global shipping market have fallen to a seven-year low as a glut of cargo ships, weak freight rates and excess liquidity continue to batter the industry, a survey by Moore Stephens, a London-based consulting firm finds.  


Proposed UK Non-dom Tax Changes, No Need to Panic

Gill Smith (Photo: Moore Stephens)

Shipping should not panic in wake of proposed U.K. non-dom tax changes, Moore Stephens says Shipowners likely to be affected by wide-ranging changes to the taxation of non-U.K.-domiciliaries introduced in the U.K. Summer Budget have been urged not to panic by international accountant and


Ship Operating Costs Down in 2014 -Moore Stephens

Photo: Andrew Aiello

Total annual operating costs in the shipping industry fell by an average of 0.8 percent in 2014, said international accountant and shipping consultant Moore Stephens. This compares with the 0.3 percent average fall in costs recorded for 2013


Ship Operating Costs on the Rise

File photo

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, which found cost categories likely to increase most significantly include crew wages, repairs and maintenance and drydocking


Shipping Faces More Volatility in 2016 -Moore Stephens

Richard Greiner (Photo: Moore Stephens)

The shipping industry is expected to remain volatile and indispensable in 2016, says International accountant and shipping adviser Moore Stephens. Moore Stephens shipping partner Richard Greiner says, “The ultimate definition of an optimist has been characterized as an accordion player


Maritime Faces New Lease Accounting Standards

Michael Simms (Photo: 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.  






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright