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.
- UN agencies call for urgent action on crew changes and keyworker designation for sea workers
The heads of the maritime, labour and aviation organizations of the United Nations have issued a plea for urgent action on crew changes and for keyworker designation so that sea […]
- Svitzer ramps up Middle East tug fleet
Up to five azimuth stern drive (ASD) tugs are being built for Svitzer’s operations in Oman in Sanmar’s Turkish shipyard to support container ships berthing at the Sohar terminal after […]