Maritime Industry Financial Services
CPA-Led • TPRM Certified • Veteran-Owned • Maritime Specialists
The Maritime Industry Demand Specialists. Not Generalists.
Shipping companies, marine contractors, port operators, and offshore service providers operate under a financial and regulatory framework that most CPA firms have never navigated. Vessel accounting, tonnage tax elections, charter revenue recognition, Jones Act compliance, flag state reporting, and maritime supply chain risk all require professionals who understand the sea as well as the ledger.
R&C Global brings 30+ years of experience serving maritime and energy companies — led by licensed CPAs and TPRM-certified professionals who know your industry, speak your language, and deliver without a learning curve.
30+
Years In Maritme & Energy
3
Countries - Global Network
CPA
Licensed & Independent
Maritime Organizations We Serve
The maritime sector is not monolithic. We serve the full spectrum of maritime entities — each with distinct financial reporting requirements, regulatory environments, and risk profiles.
Vessel Operations
International and Domestic Shipping Companies
Tanker and Bulk Carrier Operators
Container Shipping Lines
Offshore Support Vessel (OSV) Operators
Tugboat and Barge Operators
Passenger and Ferry Services
Cruise and Charter Vessel Operators
Foreign Flag and US Flag Vessel Owners
Marine Services & Infrastructure
Port Operators and Terminal Operators
Marine Contractors and Shipbuilders
Ship Repair and Drydock Yards
Maritime Logistics and Freight Forwarding
Marine Insurance Providers and P&I Clubs
Offshore Oil & Gas Support Services
Marine Equipment and Parts Distributors
Maritime Private Equity Portfolio Companies
What We Do For Maritime Organizations
Financial Statement Audits
• GAAS audits with vessel-specific accounting expertise
• Vessel cost capitalization and drydock accounting
• Charter revenue recognition — time, voyage, and bareboat
• Fleet depreciation, residual value, and impairment testing
• Foreign currency translation for international operations
• Joint venture and pooling arrangement accounting
• Flag state and classification society financial requirements
Maritime Tax Advisory
• Tonnage tax election planning and qualification analysis
• Jones Act compliance and domestic maritime tax structuring
• International shipping tax — treaty positions and structures
• Foreign flag vessel tax considerations
• Crew payroll, SECA, and maritime benefit plan advisory
• Vessel and equipment depreciation — Section 179 strategies
• Like-kind exchange planning for vessel acquisitions
• State and local tax compliance for port operations
TPRM — Maritime Supply Chain Risk
• Vendor and subcontractor risk assessment
• USCG and classification society compliance documentation
• Port State Control compliance advisory
• ISM Code (International Safety Management) control review
• ISPS Code vendor and third-party security assessment
• Agreed-Upon Procedures on specific contractor controls
• Supply chain risk program design and documentation
Review, Compilation & AUP
• Charter party financial reporting and verification
• Lender-required reviews for vessel financing
• Joint interest billing verification for vessel pools
• Vessel performance and cost reporting AUPs
• Port authority and terminal reporting compliance
• Management accounts compilation for fleet operators
Outsourced CFO & CAAS for Maritime
• Interim CFO and Controller for shipping companies
• Fleet financial reporting and consolidated accounts
• Vessel-level P&L and management accounting
• Cash flow management for multi-vessel operators
• Voyage cost accounting and performance analysis
• Accounting software implementation for maritime operations
Advisory & Transaction Support
• Vessel acquisition and disposition financial due diligence
• Sale and leaseback structuring and tax advisory
• Ship mortgage and financing structure advisory
• Maritime joint venture and partnership accounting
• Single-purpose entity (SPE) structuring for vessel ownership
• M&A advisory and pro forma financial support
Tonnage Tax — Are You Leaving Money on the Table?
The US Tonnage Tax regime can significantly reduce the tax burden for qualifying shipping companies. Most maritime operators never claim it.
The US tonnage tax election under IRC § 1352 allows qualifying shipping companies to replace the standard corporate income tax on qualifying shipping activities with a tax based on the net tonnage of US qualifying vessels. For qualifying operators, this can represent a substantial and permanent reduction in federal tax liability.
Qualifying for and maintaining the tonnage tax election requires careful planning, proper entity structuring, and ongoing compliance monitoring. R&C Global's maritime tax professionals help shipping companies analyze eligibility, make the election, and maintain compliance — ensuring you capture the full benefit available under the law.
Tonnage Tax Services We Provide
Eligibility analysis — qualifying vessels, activities, and income
Election timing and strategy — when and how to elect
Entity structuring for tonnage tax qualification
Annual tonnage tax calculation and compliance
Alternative minimum tax interaction planning
Capital construction fund (CCF) coordination
Revocation planning and transition tax analysis
Jones Act Compliance & Tax Planning
Jones Act qualification analysis for US flag operators
Domestic trade restriction planning and structuring
US citizen ownership and control requirements advisory
Waiver application support and regulatory advisory
State tax implications of Jones Act qualification
Crew and labor tax compliance for US flag vessels
Coastwise trade licensing and documentation support
Veteran-Owned. Maritime-Minded.
Shipping companies operating internationally face a complex web of tax treaties, flag state regulations, port state controls, and cross-border compliance requirements. Getting this wrong is expensive. Getting it right requires specialists.
Many members of our team have direct experience with military maritime operations — including US Navy and Coast Guard service. We understand the operational realities of maritime environments in a way that most CPA firms simply cannot. That perspective shapes how we approach every engagement: thorough, disciplined, and focused on outcomes that matter to you.
Why Maritime Companies Choose R&C Global
✦ 30+ Years of Maritime & Energy Experience — We have served shipping, offshore, and port clients for decades
✦ CPA-Led Engagements — Licensed, independent professionals accountable to you and to professional standards
✦ TPRM Certified — Maritime supply chain and vendor risk expertise that most CPA firms cannot match
✦ Tonnage Tax Specialists — We actively identify and structure tax planning opportunities most operators miss
✦ International Capability — Our global network of firms supports clients operating across multiple flag states and jurisdictions
✦ Veteran-Owned — Military-grade discipline and integrity in every engagement
✦ Senior Access Always — Your engagement is led by an experienced maritime CPA, not delegated to generalists
✦ Free Initial Consultation — Let us show you what specialized maritime expertise looks like before you commit
Maritime Meets Oil & Gas — Offshore Services
Many of our maritime clients operate at the intersection of shipping and the energy sector — providing offshore support vessels, crew boats, supply boats, and marine services to oil and gas operators on the OCS (Outer Continental Shelf). We serve these clients with a combined maritime and energy practice that addresses both sectors simultaneously.
Offshore Support Vessel (OSV) Services
OSV fleet financial reporting and vessel-level accounting
BSEE and BOEM compliance advisory for OCS operations
Jones Act qualification for Gulf of Mexico OSV operations
Day rate revenue recognition and contract accounting
Offshore oil & gas tax planning for OSV operators
Marine Contractors for Energy
Subsea and pipelay contractor financial reporting
Project accounting for offshore construction contracts
Percentage-of-completion revenue recognition
EPCI (Engineering, Procurement, Construction, Installation) contract advisory
Offshore decommissioning cost accounting and tax planning
Schedule Your Free Maritime Consultation
Whether you are a shipowner exploring tonnage tax options, a marine contractor seeking an experienced auditor, or a port operator navigating international compliance — R&C Global is ready to help. Contact us today for a no-pressure, no-commitment conversation.
📞 (972) 360-6822 ✉ info@randcglobal.us 📍 11011 Richmond Ave STE 722, Houston TX 77042