Accounting Services — Maritime Sector
Financial Clarity for
the Shipping World
Fennmark provides accounting services built around how maritime businesses actually operate — from single-vessel operators to multi-fleet shipping firms.
Maritime accounting is its own discipline — and it takes focused expertise to do it well.
Standard accounting packages and general bookkeepers rarely account for voyage economics, flag-state compliance, or the cyclical nature of shipping revenue. Fennmark was built specifically for this environment.
Whether you need monthly fleet financials, per-voyage profit and loss, or vessel asset schedules for auditors and insurers, the work gets done with the level of detail your operations require.
COVERAGE
Global
Clients across multiple flag states and jurisdictions
FOCUS
Maritime
Specialised exclusively in shipping and vessel finance
REPORTING
Monthly
Regular fleet and voyage summaries for management
FLEET SIZE
1–20
Scalable service from single vessels to full fleets
What you can expect from Fennmark
Each area of service is scoped to the practical needs of maritime operators — no generic frameworks applied to a sector that requires its own approach.
01
Voyage P&L Tracking
Revenue allocation, bunker costs, port charges, and agent commissions tracked per voyage — producing a clear profit-and-loss for every completed fixture.
02
Fleet Financial Reports
Monthly operating cost summaries across your fleet, broken down by vessel. Useful for management review, board reporting, and lender communications.
03
Asset Depreciation Schedules
Hull and machinery components depreciated across their working lives, with dry-dock capitalisations handled correctly. Documentation suitable for auditors and insurers.
04
Crew Payroll Calculations
Payroll calculations across mixed nationalities and multiple jurisdictions — covering ITF-compliant wage scales, leave accruals, and repatriation provisions.
05
Port Fee & Disbursement Records
Organised records for port dues, pilotage, towage, and local agent disbursements — reconciled against owner's statements and ready for audit trail.
06
Multi-Jurisdiction Reporting
Financial records and reports prepared with awareness of flag-state requirements, ownership structures, and the international regulatory landscape shipping operates within.
How working with Fennmark unfolds
The onboarding process is structured to reduce friction. There are no lengthy intake forms or discovery sprints — just a focused conversation, followed by practical setup.
Initial Conversation
We discuss your current setup, the vessels involved, how your operations are structured, and what financial records you're working from today.
Service Scoping
We agree on which services apply to your situation, the reporting format you need, and the data-sharing workflow that fits your team.
Setup & Onboarding
We take over or build the relevant records, import historical data where needed, and put the right structure in place from the start.
Ongoing Management
Regular reporting cycles, responsive communication, and a service that adapts as your fleet and operational profile changes over time.
Built on a working understanding of how maritime finance differs
Shipping finance doesn't map neatly onto standard accounting practice. Freight revenue is voyage-based, not subscription-based. Operating costs fluctuate with routes, fuel prices, and port selection. Asset values move with market conditions and classification surveys.
Fennmark's work is grounded in these realities. The services are designed around the actual financial events of a shipping business — not adapted from frameworks built for other industries.
VESSELS
1–20
Fleet size range supported across service tiers
REPORTS
Monthly
Fleet-wide financial summaries for management review
PER VOYAGE
P&L
Voyage-level profit and loss for tramp and charter ops
JURISDICTION
Global
Multi-flag state awareness built into all services
Three service areas, each with its own scope
Select the service that fits your operational profile — or contact us to discuss a combined arrangement.
Shipping & Maritime Accounting
Full financial management for shipping companies and vessel operators — voyage costing, depreciation schedules, port fee tracking, and crew payroll across multiple jurisdictions. Monthly reports include per-voyage profitability and fleet operating cost summaries.
INVESTMENT
$900 USD/month
Voyage Cost & Revenue Accounting
Detailed per-voyage financial tracking covering freight revenue, bunker fuel, port charges, canal fees, and agent commissions. Each voyage produces a standalone profit-and-loss summary. Suited to tramp operators and charter companies where each voyage has distinct economics.
INVESTMENT
$500 USD/voyage
Vessel Depreciation & Asset Management
Depreciation schedules and financial records for vessel assets — acquisition cost allocation across hull and machinery, dry-dock capitalisations, and impairment assessments. Annual asset summaries suitable for financial reporting and insurance documentation.
INVESTMENT
$650 USD/year per vessel
Ready to talk about your accounting setup?
There's no complex intake process. Use the form below to describe what you're working with, and we'll respond with a direct, practical assessment of how Fennmark can help.
START A CONVERSATIONGet in touch
Tell us about your fleet, your current accounting situation, and what you'd like to address. We'll follow up with a straightforward response.