Archive for the ‘Accountancy’ Category

Disclosure and presentation under IFRS 16: can you access the information you need?

Disclosure and presentation under IFRS 16: can you access the information you need?
Michael Simms When the new standard on leasing, IFRS 16 Leases, comes into effect for periods beginning on or after 1 January 2019, shipping companies preparing financial statements will need to consider the presentation requirements and plan for the additional disclosures. You can read the second in...
October 17th, 2018 | Accountancy, Shipmanagement | Read More

“K” Line Financial Press Release

“K” Line Financial Press Release
.. Please be advised that “K” Line Tokyo Head Office published the following press releases today. Notice of Revisions in First Half and Full Year Consolidated Business Forecasts of  Integrated Container Shipping Operating Company Ocean Network Express Pte. Ltd. https://www.kline.co.jp/en/news/ir/auto_20181015418026/pdfFile.pdf Revised...
October 16th, 2018 | Accountancy, Markets, Statistics, Stock Markets | Read More

Lease accounting: are you up to speed with the new approach?

Lease accounting: are you up to speed with the new approach?
Michael Simms The new lease accounting standard IFRS 16 leases comes into effect for periods beginning on or after 1 January 2019. Shipping companies need to make sure they have assessed and understood its implications. We’ll be publishing a short series of blogs and factsheets looking at the impact...
October 11th, 2018 | Accountancy, Shipmanagement | Read More

ShipMoney announces strategic partnership with Nautilus Port Services

ShipMoney announces strategic partnership with Nautilus Port Services
Stuart Ostrow, President of ShipMoney Maritime Payment Solutions’ ShipMoney has strengthened its foothold in the key Antwerp-Rotterdam-Amsterdam shipping range by joining forces with one of Rotterdam’s major port services companies. It has entered into a strategic partnership with Nautilus Port Services...
October 9th, 2018 | Accountancy, Marine Equipment Products and Services, Shipmanagement | Read More

All cost types contribute to ship operating costs decline for sixth successive year

All cost types contribute to ship operating costs decline for sixth successive year
Richard Greiner International accountant and shipping consultant Moore Stephens says total annual operating costs in the shipping industry fell by 1.3% in 2017. This compares with the 1.1% average fall in costs recorded for 2016. For the third successive year, all categories of expenditure in 2017 were...
September 28th, 2018 | Accountancy, Shipmanagement | Read More

PAO Sovcomflot: H1 2018 Results

PAO Sovcomflot: H1 2018 Results
Sergey Frank President & CEO of Sovcomflot  PAO Sovcomflot: H1 2018 Results (Six months to 30 June 2018) Strong contribution from industrial shipping activities at a time conventional tanker markets test their historic lows H1 2018 Financial and Operating Highlights USD millions H1 2018 H1...
August 29th, 2018 | Accountancy, Shipmanagement | Read More

Half Year Results: Consistent Performance from The Swedish Club

Half Year Results: Consistent Performance from The Swedish Club
Lars Rhodin The Swedish Club has reported a combined ratio of 96 % for the first six months of 2018, in line with a policy of balanced growth and consistent performance. The Club is pleased to have now delivered an average combined ratio of below 100 % for ten years, despite a continued soft market for...
August 24th, 2018 | Accountancy, Company Profiles, P and I Clubs | Read More

‘Crazy’ pricing and strong results put StealthGas back on screen for investors

‘Crazy’ pricing and strong results put StealthGas back on screen for investors
Harry Vafias Chief executive says huge void between fleet value and market cap opens door for bargain hunters. A surprisingly strong second quarter result is set to put StealthGas on the map for new investors at a time when its market capitalization is almost $1bn below the value of its fleet. Chief...
August 24th, 2018 | Accountancy, LPG, News, Statistics, Stock Markets | Read More

Dupre Marine Transportation launches Helm CONNECT Personnel

Dupre Marine Transportation launches Helm CONNECT Personnel
Rachel Aylard, Product Manager for Helm CONNECT Personnel, signs with the Dupre Marine Transportation​ team Houma, Louisiana-based towing operator becomes first company to roll out new Helm Operations software for crew management. Houma, LA – Leading marine software company Helm Operations...
August 23rd, 2018 | Accountancy, Chartering, Company Profiles, Person Profiles, Ship Agencies, Shipmanagement | Read More

Diana Containerships reports financial results for Q2 and six months ended 30 June 2018

Diana Containerships reports financial results for Q2 and six months ended 30 June 2018
.. DIANA CONTAINERSHIPS INC. REPORTS FINANCIAL RESULTS  FOR THE SECOND QUARTER AND SIX MONTHS ENDED JUNE 30, 2018 ATHENS, GREECE, July 27, 2018 – Diana Containerships Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships, today reported...
July 27th, 2018 | Accountancy, Company Profiles, Containers, Markets, News, Reports, Shipmanagement | Read More

Diana reports financial results for Q2 and six months ended 30 June 2018

Diana reports financial results for Q2 and six months ended 30 June 2018
DIANA SHIPPING INC. REPORTS FINANCIAL RESULTS  FOR THE second quarter AND six months ended June 30, 2018 ATHENS, GREECE, July 26, 2018 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today reported net income of...
July 26th, 2018 | Accountancy, Company Profiles, News, Reports, Shipmanagement, Stock Markets | Read More

Enablers of tax avoidance rules: the impact on shipping

Enablers of tax avoidance rules: the impact on shipping
Sue Bill New rules have recently been introduced in the UK to combat complex or artificial tax avoidance arrangements. These rules apply to ‘enablers’ of defeated ‘tax avoidance’ arrangements. Where the rules apply, penalties will be imposed on the enabler and they can also be ‘named and shamed’....
July 20th, 2018 | Accountancy, News, Shipmanagement, Taxation | Read More

New SEDNA Platform slashes transaction time and costs; provides new level of security

New SEDNA Platform slashes transaction time and costs; provides new level of security
… New version of transaction management platform saves companies millions of dollars through usability and speed efficiencies; reduces threat of cyber-attack through multi-factor authentication London, 18 June 2018 – SEDNA has launched a major update to its revolutionary transaction management...
June 18th, 2018 | Accountancy, Banking, IT and Communications, Marine Equipment Products and Services, Shipmanagement | Read More

PAO Sovcomflot – 2018 first quarter results

PAO Sovcomflot – 2018 first quarter results
Nikolay Kolesnikov – Executive Vice-President of PAO Sovcomflot, Chief Financial Officer Over the first quarter ending 31 March 2018, PAO Sovcomflot (SCF Group) continued to increase the share of its fleet serving long-term energy projects. This helped offset the negative impact of the protracted...
May 18th, 2018 | Accountancy, Company Profiles, Shipmanagement | Read More

Moore Stephens Spring 2018 newsletter

Moore Stephens Spring 2018 newsletter
Moore Stephens Spring 2018 newsletter Please find herebelow the latest newsletter from the Moore Stephens shipping team, which includes articles on US tax developments, and a non-dom tax update.   Bottom-Line-Spring-2018 Enjoy the read!
May 10th, 2018 | Accountancy, Communication, Taxation | Read More

Diana Containerships announces results of 2018 Annual Meeting of Shareholders

Diana Containerships announces results of 2018 Annual Meeting of Shareholders
.. Diana Containerships Inc. Announces Results of 2018 Annual Meeting of Shareholders ATHENS, GREECE, May 10, 2018 – Diana Containerships Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships, today announced that the Company’s Annual...
May 10th, 2018 | Accountancy, Company Profiles, Person Profiles, Shipmanagement | Read More

Diana Shipping Inc. Announces Results of 2018 Annual Meeting of Shareholders

Diana Shipping Inc. Announces Results of 2018 Annual Meeting of Shareholders
ATHENS, GREECE, May 10, 2018 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that the Company’s Annual Meeting of Shareholders (the “Meeting”) was duly held on May 7, 2018, in Limassol, Cyprus,...
May 10th, 2018 | Accountancy, Person Profiles, Reports | Read More

Diana Containerships reports financial results for the Q1 2018

Diana Containerships  reports financial results for the Q1 2018
.. Diana Containerships Inc. Reports Financial Results for the First Quarter Ended March 31, 2018 ATHENS, GREECE, May 9, 2018 – Diana Containerships Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships, today reported a net loss of $3.9...
May 9th, 2018 | Accountancy, Company Profiles, Container shipping, News, Shipmanagement, Statistics, Stock Markets | Read More

Four-year high in shipping confidence levels

Four-year high in shipping confidence levels
Richard Greiner Shipping Confidence Survey Shipping confidence reached a four-year high in the three months to end-February 2018. The average confidence level expressed by respondents was up from 6.2 out of 10.0 in November 2017 to 6.4 this time.  If you would like to discuss the survey results in...
March 28th, 2018 | Accountancy, Reports, Shipmanagement, Special Surveys | Read More

ECG end of year compliance

ECG end of year compliance
  Keeping up with all your employer compliance deadlines can be a challenge. With a relatively short time period to prepare and submit these returns, it can be costly if deadlines are not met or incorrect information is submitted. Penalties and interest will be due on late filing or late payment...
March 9th, 2018 | Accountancy, Regulatory | Read More

STEALTHGAS Inc. reports 12 months ended 31 Dec 2017, financial and operating results

STEALTHGAS Inc. reports 12 months ended 31 Dec 2017, financial and operating results
Harry Vafias ATHENS, GREECE, February 22, 2018. STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the fourth quarter and twelve months...
February 22nd, 2018 | Accountancy, Company Profiles, Gas Carriers, News, Reports | Read More

Diana Containerships Inc. Reports Financial Results for the Fourth Quarter and year ended December 31, 2017

Diana Containerships Inc. Reports Financial Results for the Fourth Quarter and year ended December 31, 2017
ATHENS, GREECE, February 20, 2018 – Diana Containerships Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships, today reported a net loss of $16.6 million for the fourth quarter of 2017, compared to a net loss of $8.5 million for the same...
February 20th, 2018 | Accountancy, Container shipping, Shipmanagement, Statistics, Stock Markets | Read More

MISC Group financial results for the year ended 31 Dec. 2017

MISC Group financial results for the year ended 31 Dec. 2017
Yee Yang Chien – MISC President CEO MISC is pleased to announce its financial results for the financial year ended 31 December 2017. Financial Highlights: Group revenue for the quarter ended 31 December 2017 was lower than the corresponding quarter ended 31 December 2016. Group revenue for the...
February 13th, 2018 | Accountancy, Company Profiles, News, Shipmanagement | Read More

Wärtsilä’s Financial Statements Bulletin January-December 2017

Wärtsilä’s Financial Statements Bulletin January-December 2017
WÄRTSILÄ’S FINANCIAL STATEMENTS BULLETIN JANUARY-DECEMBER 2017 2017 – A YEAR OF SOLID SALES AND STRONG ORDER INTAKE This release is a summary of Wärtsilä’s financial statements bulletin 2017. The complete report is attached to this release as a pdf-file. It is also available athttp://www.wartsilareports.com/en-US/2017/q4/frontpage/ and...
January 31st, 2018 | Accountancy, Company Profiles, Marine Equipment Products and Services | Read More

Moore Stephens says optimism likely to outweigh pessimism for shipping in 2018

Moore Stephens says optimism likely to outweigh pessimism for shipping in 2018
Richard Greiner International accountant and shipping adviser Moore Stephens expects optimism to triumph over pessimism in the shipping industry during the next twelve months. Writing in the latest issue of Bottom Line, the newsletter of the Moore Stephens shipping industry group, partner Richard Greiner...
January 4th, 2018 | Accountancy, Markets, News, Reports, Shipmanagement | Read More