ICS opposes changes to accounting rules on leases

SEPTEMBER 24, 2013 — The International Chamber of Shipping (ICS), has submitted detailed comments to the International Accounting Standards Board (IASB) on proposals to overhaul international accounting rules for leases that could

Shipping industry confidence levels perk up

JUNE 14, 2013 — Smile: According to international accountancy firm Moore Stephens, overall confidence levels in the shipping industry rose to their highest level for two and a half years in the

More European shipowners switch to ClassNK

JUNE 7, 2013 — ClassNK, which now bills itself as “the world’s largest classification society,” plans to get even larger. At Nor-Shipping, it underscored these ambitions by announcing plans to open more

Greek shipping faces new tax burdens

MAY 29, 2013 — International accountant and shipping adviser Moore Stephens says changes recently approved by the Greek parliament to the country’s tax laws will impact companies engaged in the shipping industry.

ClassNK signs authorization agreement with Myanmar

APRIL 29, 2012 — Classification society ClassNK has signed an agreement with the Government of Myanmar granting ClassNK authorization to carry out statutory surveys on its behalf. The signing ceremony took place

German shipowners seek government action on key issues

APRIL 4, 2013 — Though German shipowners control the world’s third biggest merchant fleet, the President of the German Shipowners Association (VDMA), Michael Behrendt, says it is uncertain how many of them

Canadian shipowners like budget plans

MARCH 22, 2013 — Robert Lewis-Manning, President of the Canadian Shipowners Association (CSA) has found things to smile about in budget plans unveiled yesterday by Minister of Finance Jim Flaherty. The association

Shipowners to EU on CO2 monitoring: “Yes, but …”

FEBRUARY 20, 2013 —  A position paper issued this month by ECSA (European Community Shipowners’ Associations) says it “can see value in” a EU initiative for a Monitoring, Reporting and Verification system

New Suez toll hikes will make Cape an attractive alternative

FEBRUARY 4, 2013 — Peter Hinchliffe, Secretary General of the International Chamber of Shipping (ICS), is warning that new Suez Canal rate hikes will make more shipowners look at the Cape route

London Club warns on cargo hold pipework

NOVEMBER 21, 2012 — The London P&I Club is urging shipowners to ensure proper maintenance of cargo hold pipework in order to prevent wet damage to cargo, which has become a regular

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