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.
- Forth Ports in multi-million tugboat takeover
Forth Ports has acquired Angus tug firm Targe in a multi-million pound deal to create a marine services business “of scale” along the east coast of Scotland. Set up in 1991, Targe […]
- Italy’s Eni to buy 20% stake in world’s largest offshore wind farm
Italian energy firm Eni is taking a 20% stake in what is set to be the world’s largest offshore wind farm. The energy firms Equinor and SSE are both selling […]