Shipping insights briefing

Shipping insights briefing

As we highlighted in our recent publication (Shipping Insights 3: Thriving in a challenging world), if enacted as proposed, the new lease accounting standard will result in significant changes for shipping companies and port operators. Rarely do accounting standards affect the operating model, but the joint proposals of the International and US accounting standard setting bodies may result in many shipping sector companies re-considering the ways in which they finance and operate. This short publication clarifies the impact for lessees (where the impact will be greatest).

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Ship docked port mobile cranes unloading conta

As we highlighted in our recent publication (Shipping Insighs 3: Thriving in a challenging world), if enacted a proposed, the new lease accounting standard will result in significant changes for shipping companies and port operators. Rarely do accounting standards affect the operation model, but the joint proposals of the International and US accounting standard setting bodies may result in may shipping sector conpanies re-looking at ways in which they finance and operate. This short publication clarifies the impact for lessees.

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