Service Catalogue — Maritime Accounting
Three Services, Each With a Clear Scope
Fennmark's services are designed around the specific financial needs of maritime operators — voyage accounting, fleet financial management, and vessel asset records. Priced transparently.
BACK TO HOMESERVICE 01
Shipping & Maritime Accounting
SERVICE 02
Voyage Cost & Revenue
SERVICE 03
Vessel Depreciation & Asset
Each service operates as a standalone offering. Some operators engage a single service; others combine two or all three depending on their operational profile and reporting requirements. If you're uncertain which arrangement fits your situation, use the contact form at the bottom of this page.
Shipping & Maritime Accounting
$900 USD / MONTH
Full financial management for shipping companies, vessel operators, and maritime logistics firms. This service covers the ongoing accounting function for operators who need a structured financial record system built around maritime business realities — not adapted from general practice.
Monthly deliverables include per-voyage profitability summaries and fleet operating cost reports, giving management consistent visibility into how individual vessels and the fleet as a whole are performing financially.
Suitable for operators managing one to twenty vessels across mixed operational profiles — tramp, liner, offshore support, or logistics. Covers voyage costing, vessel depreciation schedules, port fee tracking, and crew payroll calculations across multiple jurisdictions.
$900
USD / month
SCOPE INCLUDES
Voyage costing & profit allocation
Vessel depreciation schedules
Port fee & disbursement tracking
Crew payroll calculations
Monthly fleet cost summary
Multi-jurisdiction record keeping
SUITED TO
Operators managing one to twenty vessels across tramp, liner, or offshore operations requiring a complete ongoing accounting function.
$500
USD / voyage
SCOPE INCLUDES
Freight revenue allocation per fixture
Bunker fuel expense tracking
Port charges & canal fees
Agent commission reconciliation
Per-voyage P&L summary report
Disbursement account reconciliation
SUITED TO
Tramp shipping operators and charter companies where each voyage has distinct cost and revenue structures requiring individual financial analysis.
Voyage Cost & Revenue Accounting
$500 USD / VOYAGE
Detailed per-voyage financial tracking for operators where each fixture has distinct economics. Covers freight revenue allocation, bunker fuel expenses, port charges, canal fees, and agent commissions — all tracked at the individual voyage level.
Each completed voyage produces a standalone profit-and-loss summary suitable for management review, owner reporting, and comparative analysis across fixtures. Particularly relevant for tramp shipping operators and charter companies where each voyage has distinct economics.
This service addresses a core limitation of company-level financial reporting in tramp operations: the inability to see whether individual voyages are commercially viable without manual extraction work that most general accounting setups don't produce as a matter of routine.
Vessel Depreciation & Asset Management
$650 USD / YEAR PER VESSEL
Maintenance of depreciation schedules and financial records for vessel assets. This service addresses a specific limitation in standard accounting practice: the tendency to treat a vessel as a single depreciating asset when it actually consists of components with materially different useful lives.
Hull and machinery components are handled separately, dry-dock costs are capitalised across the relevant survey interval rather than expensed immediately, and periodic impairment assessments are conducted in line with reporting requirements.
Annual asset summaries are produced in a format suitable for financial reporting and insurance documentation — available when insurers, lenders, or auditors request them without requiring a separate preparation exercise.
$650
USD / year per vessel
SCOPE INCLUDES
Hull & machinery depreciation split
Acquisition cost allocation
Dry-dock cost capitalisation
Periodic impairment assessments
Annual asset summary report
Insurance documentation support
SUITED TO
Fleet owners and vessel operators who need properly structured asset records for financial reporting, lender submissions, and annual insurance documentation.
All pricing, in one place
Fennmark's service pricing is fixed by scope. There are no hidden setup charges or variable billing structures. What's listed below is what you pay.
SERVICE
PRICE
BILLING
Shipping & Maritime Accounting
Fleet financial management, voyage costing, crew payroll, monthly reporting
$900
Per month
Voyage Cost & Revenue Accounting
Per-voyage P&L, bunker costs, port charges, agent commissions, freight revenue
$500
Per voyage
Vessel Depreciation & Asset Management
Component depreciation schedules, dry-dock capitalisation, annual asset summary
$650
Per year / per vessel
Prices in USD. Services may be combined. Operators with specific requirements outside the standard scope are welcome to discuss their situation via the contact form.
Which service fits your situation
The right service depends on your operational profile and what financial visibility you currently lack. Here's a practical guide.
CONSIDER SERVICE 01 IF
You operate one to twenty vessels and need a complete accounting function
Your current accountant doesn't produce voyage-level P&L as standard
You have mixed-nationality crews where payroll needs multi-jurisdiction handling
You want monthly fleet operating cost summaries that are actually usable
$900 / month
CONSIDER SERVICE 02 IF
You operate in tramp or spot markets where each voyage has different economics
You need per-fixture P&L for management decisions or owner reporting
Bunker costs, port charges, and agent commissions need proper voyage allocation
You charter vessels and need comparable voyage economics across different fixtures
$500 / voyage
CONSIDER SERVICE 03 IF
Your vessels are treated as a single depreciating asset with one rate applied
You anticipate a vessel sale, refinancing, or insurance renewal in the near term
Dry-dock costs are currently expensed immediately rather than capitalised
You need annual asset summaries in a format lenders and insurers can actually use
$650 / year per vessel
Not certain which service applies to your situation?
Use the contact form to describe your fleet, your current accounting setup, and what you're looking to address. We'll respond with a direct assessment of which service — or combination — fits what you're working with.
CONTACT FENNMARK