Maritime

The maritime sector is constantly changing. In an increasingly complex sector, it’s vital that you keep ahead of new rules and regulations and how they affect your business.

We provide high quality, integrated advice to help shipping and transport clients succeed in an ever-changing marketplace.

We understand the issues facing the maritime sector and pride ourselves on providing insightful, practical and integrated advice from accountancy through to corporate finance, strategic business advisory and restructuring & insolvency. Our tax team are experienced in the analysis of a tonnage tax election and consequential tonnage tax compliance cycle.

Clients include brokers, ship owners and managers and associated warehousing and logistics businesses.

Our maritime sector services include:

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Case studies

Premuda shipping

Premuda Group SpA – leading provider of dry cargo and tanker services globally, controls and manages a fleet of some 30 vessels, incorporated in Italy, subsidiaries in Italy, UK and Malta.

Moore Kingston Smith’s work with Premuda

Moore Kingston Smith set up Premuda UK operation (Four Handy), involving company incorporation, payroll, recruiting its first finance controller, global mobility and secondment, and business advisory.

Moore Kingston Smith’s maritime expertise

Moore Kingston Smith’s advantage over other accountants is its intricate understanding of how the global dry bulk shipping industry works. They know the cyclical environment, worldwide porting system and tracking register. Additionally, as a key member of Moore Maritime, Moore Kingston Smith collaborates across the global maritime sector.

Maritime is a very niche sector, so it’s invaluable having Moore Kingston Smith as our accountant and adviser. They really get things like tonnage tax, DWT, dry dock accounting, depreciation, OPEX cost, etc. There are very few accountancy firms with this specialist knowledge and we have always had prompt high-quality advice from the team there. They have all the experts we need in-house – and proactively identify opportunities and risks long before they occur. This is what makes them experts in maritime accounting.

Massimo Benzo
Finance Manager, Premuda Group SpA