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.
A long-established shipping group
Clifford Chance's long-established Shipping Group – part of our global Transport & Logistics Group – advises shipping companies and financial institutions across the full spectrum of shipping markets. The dedicated practice, which handles corporate and commercial shipping matters and ship finance work, commodities and international trade work, specialises in offshore oil and gas matters and the more complex structured financings.
Clifford Chance is the only law firm in the world which regularly documents transactions in all current major equipment financing markets and we have extensive experience dealing with many of the major export credit agencies in respect of a wide range of shipping assets.