We’re operating in uncharted waters. The current and potential effects of the COVID-19 outbreak are difficult to assess and predict, but the way companies plan for uncertainty and respond to events is often watched by the financial markets. As COVID-19 will impact many areas of accounting and reporting for all industries, conversations with clients and industry leaders have helped us summarize the top 5 financial reporting considerations for the shipping industry. It is important to note though, that while these issues have been grouped under 5 headings, they will in many cases be interrelated.
- The tugboat, towboat and barge industry keeps essential goods and cargoes moving
The American Waterways Operators has released a new video highlighting the indispensable role of the tugboat, towboat and barge industry during the ongoing COVID-19 pandemic. Commercial mariners, who are considered […]
- Hong Kong to allow unrestricted crew changes
In a major step forward in getting crew changes moving again Hong Kong is to allow unrestricted exchanges of seafarers. Efforts led by the Hong Kong Shipowners’ Association (HKSOA) to […]