Global maritime investment banking company Seabury Maritime has formed an alliance with classification, compliance and advisory services provider Lloyd’s Register (LR) to support maritime clients with key business decisions.

According to the agreement, the partners will combine market knowledge and data capability and help clients to optimise business performance.

Shipowners and other shipping stakeholders will be able to better assess the risks and opportunities using a platform built by Seabury and LR, leveraging their global capabilities and network.

Seabury Maritime president and CEO Edward Zimny said: “Based on our initial soft-opening with the market, we know that digitalisation and decarbonisation will be key components of our joint maritime operational performance assessment offering.

“Working together, Seabury Maritime and LR will provide a full spectrum of advanced methodologies to help clients assess their operational and financial performance so that they can implement profitability-boosting strategies and technologies, which will enhance revenues, optimise costs, and increase efficiencies.”

The partnership will deliver an end-to-end service to enable clients to navigate operational and capital expenditure challenges. It will also increase profitability and revenue, as well as operational efficiency.

As part of the alliance, the companies will address ongoing concerns, including regulation, shrinking margins, geopolitical risks and physical and cybersecurity threats in the industry.

LR Americas Marine & Offshore president John Hicks said: “The synergies of this partnership and LR’s deep domain expertise in the most relevant functions and segments of the maritime sector, means the tie-up will offer client organisations unrivalled solutions to profitability and growth.”

Together, Seabury and LR will deliver solutions that focus on data analysis and identification of improvement areas.