BDO Builds on Shipping and Offshore Presence
Norway is currently the world's fourth largest shipping nation. BDO is a leading provider of audit and transaction advisory services to the maritime industries and is particularly active in the offshore shipping and aquaculture sectors.
In recent years, the offshore maritime industry has faced a number of serious challenges, which have led to a significant decline in revenues and the writing-down of asset values. Although the Norwegian offshore maritime sector now has great potential for future growth, not least in the offshore wind market, there has been widespread consolidation within the industry, company restructuring and the need to conclude or renegotiate agreements with financiers to secure future trading.
BDO has played a leading role in providing the services which the industry needs to navigate these difficult waters. BDO’s experts act as auditor and adviser to numerous companies in the shipping and offshore maritime sectors on a range of issues, including tonnage tax regime compliance, tax optimization, restructuring, transaction and IPO advice, compliance with international and domestic laws and regulations, and valuation assessment. BDO is also committed to developing services focused on sustainability, including the shift towards more energy-efficient operations, green fuels, and the retrofitting of ships.