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...
Mass Flow Meters Seminar : New rules – New Fuels – Digital Solutions
October 24 @ 13:30 – 19:00
Join us in London at the UK Chamber for Shipping for our IBIA seminar, where we will discuss the following topics:
13:30-13:50 Event registration
13:50-14:00 Welcome address Bob Sanguinetti, UKCS & Steven Endress Managing Director Endress+Hauser
14:00-14:30 Nigel Draffin, Author and Board Member, IBIA – Understanding the IMO 2020 regulations
14:30-15:00 Michael Green, Intertek – Managing New Fuels
15:00-15:...
10 October 2018 – London OCIMF has today released a new information paper on best practices for conducting navigational assessments, called A Guide to Best Practice for Navigational Assessments and Audits.
Navigational assessments and audits help vessel owners, operators and Masters to identify areas for improvement and increase safety. They also assure companies that high standards of navigation and watchkeeping are being maintained.
While a wide range of navigational assessments are used in the...
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 (NPS) to introduce the most up-to-date payment systems for ship owners and managers to finally remove cash onboard ship and deliver real cost-savings for its crew and families.
The ShipMoney...
Shipowners beat bankers 2-0 in hard-fought game
Dear Football Friends and Business Partners,
Football was the winner in a hard-fought game as Hamburg’s shipowners finally overcame the city’s bankers with two late goals in front of 200 raucous fans at the Adolf-Jäger-Kampfbahn stadium in Hamburg-Altona.
This year’s version of the long-running fixture was certainly not one-way traffic as the bankers put the shipowners, led by Seaborn’s Holger Strack, under early pressure down the right flank....
http://www.allaboutshipping.co.uk/2018/10/05/shipowners-beat-bankers-in-hard-fought-game/
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 down on those for the previous 12-month period, most notably for insurance costs and stores.
The findings are set out in OpCost 2018 (www.opcostonline.com), Moore Stephens’ unique ship operating...