The shipping industry is in the process of transformation.
The shipping industry is interlinked with the state of the global economy which, in recent years, has had a major impact on the sector. Increasing operating costs and declining profits resulted in the shipping industry refining its processes.
Although the fundamental outlook for the global shipping industry is stable, liquidity remains a discriminating factor. Clifford Chance's dedicated Shipping Group works with ship owners and finance parties to support their activities and meet the challenges they face in today's market.