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.
- Port of Antwerp-Bruges and CMB.TECH Co-Launch Hydrogen-Powered Tugboat
Port of Antwerp-Bruges has partnered with Belgium-based maritime company Compagnie Maritime Belge (CMB.TECH) have introduced the world’s first hydrogen-powered tugboat named Hydrotug. The duo claims that Hydrotug runs on a […]
- Biden administration approves first offshore wind farm to supply power to New York
President Biden’s administration greenlit a major offshore wind project to supply power to New York, arriving as part of a broader push to build out renewable energy and tackle climate […]