Moore Stephens wins Lloyd’s List Greek Shipping Award for OpCost

OpCost, the market-leading ship operating costs benchmarking tool from international accountant and shipping adviser Moore Stephens, has won a prestigious Lloyd’s List Greek Shipping Award.

The Lloyd’s List Intelligence Big Data Award, sponsored by the Department of Merchant Shipping of the Republic of Cyprus, was presented jointly to Costas Constantinou, Managing Partner, Moore Stephens Chartered Accountants S.A., Greece and Richard Greiner, Partner, Shipping, Moore Stephens LLP, London. The award was presented by Marios Demetriades, Minister of Transport, Communications & Works, at the Lloyd’s List Greek Shipping Awards Ceremony & Gala Dinner at the Athenaeum InterContinental Hotel, Athens on Friday 2 December.

The award recognises the significant potential that big data has to transform shipping, from timely insights drawn from real-time monitoring and forecasting of events, to improved management of performance and risk. Candidates were required to demonstrate measurable results in areas such as strategic business/investment planning, performance monitoring and optimisation, condition-based and predictive maintenance, optimisation across systems and system overview of operations.

Costas Constantinou says: “Moore Stephens is delighted that its unique OpCost benchmarking tool has been recognized in the Lloyd’s List Greek Shipping Awards. OpCost is an excellent example of the type of innovative service and products which Moore Stephens provides to the shipping industry both in Greece, and internationally throughout the maritime industry.”

Richard Greiner, global project leader for OpCost, says: “With operating costs continuing to rise, owners and operators need accurate and reliable information on cost movements to help plan their budgets and business strategies accurately. OpCost can also be used for business and budget planning, and transfer pricing studies. The most widely respected barometer of ship operating costs in the industry, it is available in a user-friendly online format, and is continually supplemented with new data to provide the shipping industry with the information it needs to monitor and plan its expenditure.”

Moore Stephens is noted for a number of industry specialisations and is widely acknowledged as a leading shipping, offshore maritime and transport & logistics adviser. Both Moore Stephens Chartered Accountants S.A. and Moore Stephens LLP are member firms of Moore Stephens International Limited, one of the world's leading accounting and consulting associations, with 657 offices of independent member firms in 106 countries, employing 27,613 people and generating revenues in 2015 of US$2.7 billion. www.moorestephens.com


For more information:

Costas Constantinou
Moore Stephens Chartered Accountants S.A., Greece
Tel: +30 (213) 0186 100
costas.constantinou@moorestephens.gr

Richard Greiner
Moore Stephens LLP, London
Tel: +44 (0)20 7334 9191
richard.greiner@moorestephens.com

Liberia’s compliance assistance programme shortlisted for Lloyd’s List award

The Liberian Registry’s ground-breaking Compliance Assistance Programme (CAP) has been selected as a finalist for the Big Data Award at the forthcoming 2016 Lloyd’s List North American Awards. The award will go to a shipping industry initiative which can prove measurable results in areas such as performance monitoring and optimisation, condition-based and predictive maintenance, optimisation across systems, and system overview of operations.

The unique satellite-based CAP has helped ensure regulatory compliance and prevent the detention of Liberian-flag ships in some of the world’s most active and heavily trafficked Port State Control (PSC) areas since it was launched last year. In the process, it has helped confirm Liberia as among the best-performing major ship registries worldwide, with an excellent detention record authenticated by widely recognised independent safety monitoring organisations such as Port State Control.

The CAP initiative further strengthens the leading role which Liberia has established over a number of years as the world’s most technologically innovative flag state. It tracks ships when they enter selected jurisdictions and allows the registry’s risk analysis team to perform detailed reviews of vessels, their history, and the ports at which they are calling.

The CAP supplements the existing electronic services already provided by Liberia and is part of a programme which adopts a uniquely proactive approach to ensuring that ships flying the Liberian flag are properly prepared for their upcoming port calls, and that any possible deficiencies are handled prior to entering port. The system is totally electronic and non-burdensome, and is provided at no extra cost to owners and managers.

The winners of the Lloyd’s List North American Awards 2016 will be announced on 19 May in New York.

The Liberian Registry has long been considered the world’s most technologically advanced maritime administration. It has a long-established track record of combining the highest standards of safety for vessels and crews with the highest levels of responsive service to owners. Moreover, it has a well-deserved reputation for supporting international legislation designed to maintain and improve the safety and effectiveness of the shipping industry and protection of the marine environment.

www.liscr.com