Operating leases to be held up to the light
Opaque accounting is about to be made transparent.
Publicly traded shipping companies, and their shareholders, should prepare for
change, reports Lambros Papaeconomou
The adoption of new accounting rules beginning in 2018
will close most of the existing “loopholes” for operating leases and allow for
a better assessment of each company’s financial position. It may also take
industry observers by surprise when they realise how truly leveraged some
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