The economic downturn has had an impact on all sectors of the economy and the shipping industry is suffering as much as any. As the industry fights to maintain volumes, cash, and earnings, survival has become the accepted strategy.
Shipping insights: Insights arising from the economic downturn is the second issue of the publication. This issue, which is focused on IFRS, looks at how the financial reporting of the shipping industry has responded to the economic downturn and what lies in store for the future.