Over 90% of world trade is carried by the international shipping industry. Without shipping the import and export of goods on the scale necessary for the modern world would not be possible. There are around 50,000 merchant ships trading internationally, transporting every kind of cargo. The world fleet is registered in over 150 nations, and manned by over a million seafarers of virtually every nationality. Ships are technically sophisticated, high value assets (larger hi-tech vessels can cost over US$150 million to build), and the operation of merchant ships generates an estimated annual income of over US$380 billion in freight rates, representing about 5% of the total global economy.
Opportunities in the shipping and ports industry call for adequate strategic responses. Our practice has grown in step with the industry, supporting our clients through industry restructurings, regulatory transformations, technological advances, and changes in financial reporting and corporate governance requirements. Our experience and network of dedicated industry practitioner’s positions PwC to provide clients with quality audit and professional services uniquely tailored to a large, global communications organisation. PwC’s service offerings are staffed with highly qualified, experienced individuals and leaders in our profession. We have made a major commitment to training our people in industry specific issues. Through our firm’s intranet, online daily news updates, an extensive knowledge sharing structure, and industry and technical training courses and tools, our practitioners stay on top of industry developments. In addition, each month we hold partner and manager conference calls to discuss emerging industry and accounting and control issues and their implications to our shipping and ports clients. Our investment in the shipping and ports industry provides you with professionals who understand the nuances of your industry and bring a continually fresh perspective to your organization.
Global shipping & ports tax service offering
Advancing globalisation, more flexible tax regimes and an increasingly mobile workforce are creating opportunities and challenges for the shipping industry. New corporate strategies and processes are required to deal with an industry which is being reshaped through market consolidation and shifts in the balance of world trade. Sustained profitability in many sectors, increasingly international operations and even mare sophisticated tax authorities are leading shipping companies to look at effective ways to align their corporate, operational and tax structures.
With its well established global network of shipping industry specialists, PricewaterhouseCoopers offers comprehensive taxation and legal advice to help you achieve the best tax operational model for your business.
Global shipping & ports advisory service offering
The port and shipping industry is changing at a high pace with may challenges ahead. As new opportunities emerge, critical business decisions earmarked by high levels of uncertainty must be taken. These decisions are part of the implementation of an overall strategy and can be considered as commitments to the future.
Before you take your final decision, it pays to get advice from dedicated professionals with a proven track record, who can help you on the ground with relevant and practical advice. Even if you have made up your mind, experienced advice can help you to identify new alternative solutions, address specific problems and uncertainties, and gain the confidence to formulate and implement strategic response.
PricewaterhouseCoopers has a comprehensive network of dedicated specialists arrayed across 125 countries and a dedicated team of specialists located in Antwerp, Belgium providing objective advice and assistance with the formulation of industry specific solutions. The team includes consultants with high relevant experience in boardroom consulting to port authorities and operators around the world.
Global shipping & ports audit & assurance service offerings
PricewaterhouseCoopers (PwC) has the knowledge and experience necessary to help you with complex financial accounting issues related to matters such as valuations, pensions and share plans, listings, IFRS conversions, and corporate treasury and company secretarial functions.
Our member firms audit many of the world’s best-known companies and thousands of other organisations both large and small. Our audit approach, at the leading edge of best practice, is tailored to suit the size and nature of your organisation and draws upon our extensive industry knowledge. Our deep understanding of regulation and legislation means we can also help with complex reporting issues involving Sarbanes-Oxley and International Financial Reporting Standards (IFRS).
Additionally, we are leaders in the development of non-financial performance reporting, helping our clients respond to the need for greater transparency, improved corporate governance, and business models based on the principles of sustainability.
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