May 2025
Welcome to the Conyers Global Shipping Digest which provides an overview of significant M&A, capital markets and financing mandates in the global shipping industry over the course of the past twelve months.
The global shipping market continues to be one of the most exposed sectors to geopolitical conflicts and in 2024 navigated a challenging environment. The war in Ukraine and disruptions in the Red Sea affected trade and investment, yet shipping companies demonstrated resilience and adaptability despite these challenges.
Conyers’ shipping practice continues to thrive, guiding clients through a volume of high value transactions and M&A deals across our core jurisdictions in Bermuda, the Cayman Islands, and the British Virgin Islands (BVI).
The past year was significantly active for shipping mergers and acquisitions. The year concluded with BlackRock’s sale of its GasLog Ltd (“GasLog”) stake to GIC in the fourth quarter. Conyers advised GasLog, a leading global provider of liquefied natural gas (LNG) shipping services, with Singaporean sovereign investment fund GIC acquiring BlackRock’s approximately 45% shareholding in GasLog. Driven by the increasing demand for LNG, the LNG shipping sector is expected to experience the highest growth in 2025. GIC’s investment highlights confidence in GasLog’s future performance.