2011 has already seen a general tightening of accessibility to bank debt, but the outlook for 2012 looks likely to remain challenging and uncertain

Sea trade involving the EU and US is still lower than before the eve of financial crisis in 2008

An exclusive video interview with Steve Matthews

Previously worked for Coca-Cola and P&G

Including oil-spill experts will ‘fill a gap’

Rating reflects a tough 2011 and gloomy prospects for the industry next year