KPMG

 

Are these issues you recognise? Navigating through strategic, operational and financial challenges has become increasingly difficult. KPMG’s Global Shipping practice is working with a wide range of shipping and port operators doing just that.

Our global shipping network has the breadth and depth of resource to provide our clients with consistent and efficient, quickly and consistently, wherever they operate. With 150000 dedicated professionals in over 140 countries, KPMG firms offer support and advice on the issues that matter to our clients.

These strong relationships enable us to  understand and respond to issues that impact shipping and port operators. Due to the international nature of the industry, our professionals frequently work across borders. This enables us to have access to industry knowledge and support. Today, this is what clients expect from their professional advisors!

In addition to our vast range of industry specific advisory services, when performing an audit, providing tax advice or structuring a transaction, deep industry experience is no longer an option – it’s essential. In every area of shipping we provide integrated and tailored services, with the combined goals of answering immediate needs and taking companies forward. Typical areas of our tax advice is focused on tax planning strategies, Norwegian taxed foreign entities, tonnage taxation rules in various countries or other beneficial tax regulations in various countries as well as financing structures to obtain an optimal tax position for present and future operations and cash flows.

Performing a high quality and efficient audit of a shipping operation requires good understanding of various sectors such as FPSO/FSO, shuttle and conventional tanker, gas, RORO, reefers, liners, cruise etc in addition to shipping pools, single purpose entities, docking, demurrage, efficient and controlled process design and operations through shared service center etc.

KPMG firms are active members of the shipping industry, regularly attending and presenting at industry events. We also actively lobby on behalf of the industry, in areas such as accounting and sustainability. Beyond this we issue each year a range of thought leadership publications which provide provoking views on emerging issues.

For more information please contact:
KPMG Norway
John Thomas Sørhaug,
National Head of Transportation and Shipping,
T: +47 4063 9293,
john.thomas.sorhaug@kpmg.no
KPMG UK
John Luke,
Global Head of Shipping,
T: +44 20 7311 6461,
john.luke@kpmg.co.uk