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London Maritime Arbitration Rides out the Pandemic

The LMAA is pleased to report a strong set of caseload statistics for 2021.

Members reported 2,777 new appointments under its Terms and Procedures in an estimated 1,657 references.
The numbers are slightly but not significantly lower than in 2020, perhaps reflecting readjustments which occurred in shipping markets after the turmoil of that year. There was an increase in the number of appointments under the Intermediate Claims Procedure (54 up from 43 in 2020), which is designed to deal with claims between US$100,000 and US$400,000.

LMAA arbitrators were certainly busy in 2021, with an estimated 531 awards being published, the highest number since 2016. The majority of LMAA arbitrations are conducted on documents and written submissions only, but the pandemic did not prevent progress with hearings (in-person, virtual and hybrid) after some interruptions in 2020. 77 awards were made after hearings in comparison to 53 in 2020.

The 2021 statistics show that London-seated arbitration under LMAA Terms and Procedures remains the world’s leading choice of arbitration for the resolution of maritime disputes (including shipping, offshore energy and international trade).