Archive for the ‘Accountancy’ Category

Wärtsilä: Reduce Opex and Become Greener

Wärtsilä: Reduce Opex and Become Greener
.. The oil & gas industry was plunged into turmoil when the oil price crashed in 2014. To get back on track, the industry has been forced to transform. It has been forced to figure out new ways of working and apply new solutions to remain profitable while oil price fluctuates. The question that...
November 30th, 2018 | Accountancy, Drill ships, Environment, Gas, Marine Equipment Products and Services, Oil Industry, Oil Platforms and Rigs, Shipmanagement, Technology | Read More

Diana reports financial results for Q3 and Nine Months rnded September 30, 2018

Diana reports financial results for Q3 and Nine Months rnded September 30, 2018
Diana Shipping Inc. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2018 ATHENS, GREECE, November 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...
November 26th, 2018 | Accountancy, Dry Bulkcarriers, Markets, News, Reports, Shipmanagement, Statistics, Stock Markets | Read More

Stealthgas Inc., reports Q3 2018 financial and operating results

Stealthgas Inc., reports Q3 2018 financial and operating results
Harry Vafias ATHENS, GREECE, November 23, 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 third quarter and nine months...
November 23rd, 2018 | Accountancy, Company Profiles, LPG, Markets, Reports | Read More

Diana Containerships Inc. reports financial results for the Third Quarter and Nine Months ended September 30, 2018

Diana Containerships Inc. reports financial results for the Third Quarter and Nine Months ended September 30, 2018
.. ATHENS, GREECE, November 23, 2018 – Diana Containerships Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships, today reported a net loss of $6.3 million for the third quarter of 2018, compared to a net loss of $8.7 million for the same...
November 23rd, 2018 | Accountancy, Company Profiles, Container shipping, Containers, Markets, Reports, Statistics, Stock Markets | Read More

SCF back in the black in Q3

SCF back in the black in Q3
Sergey Frank President & CEO of Sovcomflot Sovcomflot: Q3/9 months 2018 Results (Third quarter/nine months to 30 September 2018 – unaudited, prepared under IFRS) Sovcomflot (SCF Group), a world leader in energy shipping and offshore services to the oil and gas industries specializing in harsh...
November 16th, 2018 | Accountancy, Markets, News, Reports, Shipmanagement, Tankers | Read More

UK tax regime continues to provide stability for shipping and offshore maritime

UK tax regime continues to provide stability for shipping and offshore maritime
Sue Bill International accountant and shipping consultant Moore Stephens has outlined a number of unexpected changes introduced by the UK Budget 2018 which could have implications for the shipping and offshore maritime industries. But it stresses that these are relatively minor alterations which will...
October 30th, 2018 | Accountancy, Taxation | Read More

Ship operating costs expected to rise in 2018 and 2019

Ship operating costs expected to rise in 2018 and 2019
Richard Greiner International accountant and shipping consultant Moore Stephens says total vessel operating costs in the shipping industry are expected to rise by 2.7% in 2018 and by 3.1% in 2019, according to our latest survey. Responses to the firm’s latest annual Future Operating Costs Survey revealed...
October 25th, 2018 | Accountancy, Shipmanagement | Read More

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