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Chris Chasty News

16 Sep 2003

P&I Rises Hit Operating Costs

operating costs for most types of ship. have risen about 1.3 per cent overall for most ship types. made the most impact. costs down. largest ships seeing the largest percentage rise in operating costs. classes of vessels we report on as more owners contribute data. unique resource, and this year we have used it on some significant projects. paying out the right amounts or not. running costs of over 800 ships for the accounting year 2002. coastal vessels into tanker and dry cargo types. administration. inclusion. and voluntary contributors receive free reports. details within the database can be tailored to individual needs.

08 Jul 2004

Moore Stephens Expands Presence

Shipping accountant and business consultant Moore Stephens has expanded its specialised shipping presence in the UK by opening an office in the growing maritime center of Southampton. Chris Chasty, head of the Moore Stephens shipping group, says, "There is a growing cluster of shipping businesses in Southampton. We already have major clients there and have positioned a team who can provide the specific shipping expertise which maritime businesses need." Contact details are Robert Newman, Moore Stephens, 45 Westwood Road, Southampton, SO17 1DH. Tel: 023 8067 2303, Web: www.moorestephens.co.uk/southampton.

09 Jan 2002

Moore Stephens Launches Shipping Recruitment Service

Leading shipping accountant and business consultant Moore Stephens has launched a recruitment consultancy and placement service to match jobs and people related to finance and shipping. "We know the shipping industry, we know the financial world, and we regularly advise on employee benefit structures, so our clients can benefit from our ability to match the right people to the right jobs, with the right conditions," says Chris Chasty, head of Moore Stephens' shipping group. Moore Stephens will find suitable candidates for finance-related positions within all sectors of the shipping industry for a fixed fee. "This is a straightforward service…

20 Feb 2001

Moore Stephens Advocates Dynamic Risk Analysis

Forecasting techniques in shipping have at last become as dynamic as the shipping industry itself, according to Chris Chasty, head of the shipping industry group at leading accountants and consultants Moore Stephens. Moore Stephens has been using its recently developed Dynamic Risk Solutions (DRS) risk analysis service to analyze major projects for clients. Writing in the latest issue of the Moore Stephens newsletter, the bottom line, Chasty says, "It helps increase confidence in project planning. Chasty expects both bankers and shipowners to increasingly use DRS to assess projects. "Knowing a likely outcome is one thing. Measuring how likely that outcome is provides a lot more comfort," he says. Chasty accepts that many owners still rely on gut feeling to get it right.

11 Jan 2005

Freights Up, Dollar Down, Markets Lively

buy less. 2004. everyone to see better returns. enter 2005 with a sense of hope. But shipping is never plain sailing. "First, freight rates. Of course these will stay strong in most sectors. falling, and is likely to fall further in the early part of this year. world's reserve currency. investment for now. infrastructure. shipping feeds into each end. he says. And Chasty advises watching the stock markets carefully. in shipping shares, sometime this year. There doesn't have to be a reason. Stock markets aren't rational," he says. aren't meant to be taken too literally. next period.

01 Jun 2005

Moore Stephens Appoints new Shipping Partners

Richard Greiner and Michael Simms, to its growing shipping group. shipping across the globe," says Chris Chasty, head of the shipping group. shipping throughout his career. both Poland and Cyprus. consultancy, research and marketing for the shipping team. to hold those responsibilities. years in the Middle East with another accounting major. governance and risk advisory projects.

29 Jun 2005

Tonnage Tax Window Opens on Changes

Stephens. Stephens shipping newsletter, the Bottom Line. for the UK shipping sector. The flagging requirement imposed by the EU has been incorporated into the tonnage tax regime as fairly as possible. examines how EU rules on bunkers will affect shipowners' costs.

17 Jul 2007

Moore Stephens Touts New York

If you want to list your shipping company today, in most instances, New York can still offer you the best options. London has plenty of capital, Oslo has plenty of people who know shipping, but New York is where the publicly-listed shipping action is. That’s what Chris Chasty, head of the shipping industry group at leading shipping accountant Moore Stephens says in the summer issue of the shipping industry newsletter Bottom Line. He goes on, “Just look at the figures. Back in 2000 there were only three listed shipping companies in the US, with a total market cap around $3bn, and only three analysts followed the sector. They didn’t have to work too hard, as it was only a tanker story.

03 Sep 2002

Moore Stephens Calls for Clear Accounting

Leading shipping accountant and business consultant Moore Stephens says shipping companies should be open and clear about transactions between connected entities, or face the assumption that they have something to hide. Writing in The Bottom Line, Moore Stephens' shipping newsletter, Chris Chasty, head of the shipping group, says, "Shipowners should be asking some hard questions about who they turn to for auditing services. Investors want the assurance that auditors are asking the right questions." Chasty outlines the changes to accounting following the Enron scandal. Also in The Bottom Line, David Anstis, shipping partner, says shipping should be more aware of how money laundering legislation will impact on what is traditionally a confidential business.

26 Sep 2002

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. Increases in P&I costs and repair and maintenance bills also hit shipowners' operating costs, according to the report, although fluctuations for different ship types varied. The OpCost 2002 report is extracted from Moore Stephens' database of actual running costs of over 600 ships for the accounting year 2001.

28 Oct 1999

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.

29 Oct 1999

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.