UK Tonnage Tax Written-Down Values Not Realistic

Calculation of written down values under the UK tonnage tax tonnage tax are not realistic in terms of their interaction with the capital allowances regime according to international accountant and shipping adviser Moore Stephens.

2014.03.11 - UK Tonnage Tax Written-Down Values Not Realistic

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Shipping Confidence Reaches Highest Level for 2 Years

Overall confidence levels in the shipping industry recovered to their highest level for two years in the three months ended February 2013. There was improved expectation of freight rate increases over the next twelve months, particularly in the dry bulk sector, and greater likelihood of new investment in the industry.

2013.04.05 - Shipping Confidence Reaches Highest Level for Two Years Figure 1

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Moore Stephens OpCost Report 2012

Moore Stephens annual OpCost report for the financial year of 2011 has been released this month. According to OpCost 2012 report the total annual operating costs in the shipping industry have been increased by an average 2.1% in 2011. This compares with the 2.2% average rise in costs recorded for the previous year. Crew costs were the main reason for the overall increase in 2011, a 3.3% overall increase in 2011 crew costs compared to the 2010 figure has been reported. Insurance fell for the second year in succession.

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