The ubiquity of English law and London arbitration makes the UK a natural centre for barristers and solicitors specialising in shipping, although the US and Asia also play leading roles

Of course there are viable alternative routes. But simultaneous widespread disruption would be a strain on much of the shipping industry, not to mention the global economy

The majority of the elite group of shipmanagers have continued to advance fleet profiles over the past 12 months, as shipowners increasingly look to the sector’s services and value proposition to run vessels on their behalf; meanwhile, the merger of OSM Maritime and Thome helps relative new player Seacon make its rankings debut

Shipbroking majors have been faced with considerable challenges brought about by the Ukraine war, having to avoid transactions that could ultimately be connected to sanctioned trades. At the same time, shipping markets and vessel asset prices have proved volatile, as both vessel supply and the shipping markets have become increasingly affected by geopolitics

Belgian tanker giant says it will diversify, decarbonise and optimise its fleet, after its $2.4bn deal to end the battle for control with Norway’s Frontline

The world’s leading classification societies are fundamental to the decarbonisation and digitalisation of shipping. The year 2023 has seen a flow of communications from class regarding approvals in principles for new carbon-reduction technology and concept designs for alternative fuel vessels — even including the once-derided nuclear power. Meanwhile, LR’s Nick Brown steps down from two-and-half years as chairman of the International Association of Classification Societies, to be replaced by Rina’s Roberto Cazzulo in January 2024