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Moore Stephens Shipping Industry Group News

04 Jan 2018

Moore Stephens: Optimism to Outweigh Shipping Pessimism in 2018

International accountant and shipping adviser Moore Stephens expects optimism to triumph over pessimism in the shipping industry during the next 12 months. Writing in the latest issue of Bottom Line, the newsletter of the Moore Stephens shipping industry group, partner Richard Greiner says, “According to a recent study, pessimists live longer than optimists, and shipping is short of neither. But the industry has always valued longevity as well as new blood, and it certainly ended 2017 in more optimistic mood than it closed the previous year. “Oscar Wilde said it is always best to borrow money from pessimists, because they won’t expect it back.

26 Mar 2012

Moore Stephens: Shipping Confidence Up

Moore Stephens shipping partner, Richard Greiner

Shipping confidence up on expectation of rate increases but new investment appetite wanes. Overall confidence levels in the shipping industry increased slightly in the three months ended February 2012, to reach their highest level since May 2011, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. This is the third successive quarter in which there has been a small uptick in confidence. Rates are expected to increase over the coming year in the three main tonnage sectors covered by the survey.

12 Jan 2012

Shipping Facing Serious Long-Term Challenges

SHIPPING is going to need a great deal of resilience to meet the challenges of the next twelve months, according to international accountant and shipping adviser, Moore Stephens. But, for those who can secure funding, there have been few better times to invest. Julian Wilkinson, head of the Moore Stephens Shipping Industry Group, says, “More than ever, shipping will be an industry for long-term players. Operating costs increased in 2011, while the global economic climate deteriorated at a rate outpaced only by the growth of sovereign debt in some eurozone countries. “The markets are languishing, and are likely to fall further. We have seen how, for the first time in a long while, some of the big tanker-owning companies have come under financial pressure.

23 Mar 2011

Over-Tonnaging Fears See Confidence Dip Again In Shipping Industry

Overall confidence levels in the shipping industry dropped for the third successive quarter in the three months ending February 2011, to reach their lowest level for fifteen months, according to the latest survey by leading accountant and shipping adviser Moore Stephens. Over-tonnaging and the uncertainty created by political unrest in the Middle East and North Africa were the dominant themes running throughout the responses to the survey, which also revealed an increase across all categories in the number of respondents who expected finance costs to rise over the coming year.

11 Jan 2011

Moore Stephens: Shipping Faces a Challenging Year

Accountant and shipping industry adviser Moore Stephens says the shipping sector faces a challenging year in 2011, with freight rates under pressure, crew costs continuing to rise and the banks closely monitoring the future viability of poor performers. Writing in the latest issue of Bottom Line, the firm’s shipping newsletter, Julian Wilkinson, head of the Moore Stephens Shipping Industry Group, said, “Last year should have been the year that future generations would use to frighten their children into believing that, unless they ate their greens, they would suffer the privations that were visited upon shipping. The truth was somewhat different.

03 Apr 2009

Results of Shipping Confidence Survey

Overall confidence levels in the shipping industry have declined by more than twenty per cent over the past twelve months, according to the latest Shipping Confidence Survey produced by international accountant and shipping consultant Moore Stephens. One year on from the first Moore Stephens survey, the average confidence level expressed by respondents, on a scale of 1 to 10, was 5.4, compared to 6.8 in the initial survey in February 2008. In the last four months, the average confidence level declined from 5.6 to 5.4, and was most significantly down amongst owners and managers, with the level falling to 5.4 in each category from previous levels of 5.8 and 6.0 respectively. One year ago, owners and managers recorded confidence levels of 7.1 and 7.2 respectively.

21 Nov 2008

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 respondents suggests greater uncertainty across market participants. Ship managers and owners were the most confident at 6.0 and 5.8 respectively, although these were markedly down on the corresponding figures in June.

25 Oct 2004

Moore Stephens: Russia a Good Place to do Business

Shipping accountant and business consultant Moore Stephens says that, despite recent publicity to the contrary, Russia is now a better place to do business than it has ever been for small and medium-size enterprises, including shipowners. Writing in the latest issue of The Bottom Line, the newsletter of the Moore Stephens shipping industry group, Gavin Stoddart, managing director of Moore Stephens Russia, says, "The door to international finance and international markets is open, with traffic flowing in both directions. The only passport to success is sound and visible financial structures". Acknowledging that there is still a Russian risk premium on investment capital…

17 Oct 2006

Operating Costs Hit by Insurance and Crew Expenditure

per cent in their total operating costs, compared to the previous year. crew costs. to upgrade their ships. bulk carrier sector. keep a tight rein on costs. overall 1.2 per cent on the previous year. significant variations across different vessel types. expenditure on repairs and maintenance. becoming beautiful. actually down on last year, it still came in at an average 9.2 per cent. remains a premium for experienced, specialist crew. was recorded in respect of insurance. the market, recorded the biggest increase, at 31.2 per cent. have gained some courage from a series of big losses. significant general increases. 2005. This year's report covers the twenty most common vessel types. and administration. since last year and information on dry-docking costs and duration.