Lloyd's List

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Not to be confused with Lloyds Bank, Lloyd's of London, or Lloyd's Register.

Lloyd's List is one of the world's oldest continuously running journals, having provided weekly shipping news in London as early as 1734. Now published daily, a recent issue was numbered 60,850 (2013). Known simply as 'The List', Lloyd's List was begun by Edward Lloyd, the proprietor of Lloyd's Coffee House in the City of London as a reliable but terse source of information for the merchants' agents and insurance underwriters who met regularly in his establishment in Lombard Street to negotiate insurance coverage for trading vessels. The newspaper survives today to fulfil a similar purpose, although its circulation is now international and it appears daily. As well as shipping news, Lloyd's List today covers marine insurance, offshore energy, logistics, global trade and law.[1]

History[edit]

An early image of Edward Lloyd's Coffee House, where Lloyd's List was originally published in the 18th century.

Predecessor publications are known. One historian, Michael Palmer, claims: "No later than January 1692, Lloyd began publishing a weekly newsletter, ‘Ships Arrived at and Departed from several Ports of England, as I have Account of them in London... [and] An Account of what English Shipping and Foreign Ships for England, I hear of in Foreign Ports’".[2] However, claims that Lloyd's List is the oldest or second-oldest continuously published newspaper in the world are disputed. The World Association of Newspapers lists three earlier, extant titles.[3]

Research on the history of Edward Lloyd was carried out by Charles Wright and C. Ernest Fayle, authors of ‘A History of Lloyd’s’] that was published in 1928,[4] and which is cited by classification society Lloyd’s Register.

The coffee house is first mentioned in 1689 in the London Gazette, when it was based in Tower Street. In 1691, Lloyd moved the premises to Lombard Street, close to the Royal Exchange at the heart of London’s trading activity. It became popular with merchants involved with the shipping industry, attracting a crowd that came regularly for news and gossip that Lloyd collected for clients. In 1696, Lloyd’s News was launched – it was published three times a week with no particular emphasis on shipping – but stopped being printed in 1697. However, news continued to be read aloud at the coffee house.

In 1713, Edward Lloyd died, leaving the lease of his coffee house to his son-in-law and head waiter William Newton. The next year, Newton died and Lloyd’s daughter Handy remarried to Samuel Sheppard. She then died in 1720, leaving no Lloyd family member connected to the coffee house. Sheppard died in 1727, leaving it to his sister Elizabeth and her husband Thomas Jemson. It was Jemson that founded the Lloyd’s List that is known today, when he launched a weekly shipping intelligence publication.

Publication was weekly until March 1735, when it increased to semi-weekly, on Tuesdays and Fridays according to historian Michael Palmer.

By the 1760s, the coffee house was reported to have acquired a bad reputation. One of the waiters secured new premises in Pope’s Head Alley and from there in 1769, the New Lloyd’s List began, according to Lloyd’s Register.

The paper went daily on 1 July 1837, and was published every day but Sunday. In July 1884, Lloyd's List was merged with the Shipping and Mercantile Gazette.

In 1914 ownership of The List was transferred to the Corporation of Lloyd's, which was incorporated by an Act of Parliament in 1871. In 1973 it was transferred to a division, Lloyd's of London Press Ltd, and subject to a management buy-out in 1995 to become LLP Ltd. In 1998, LLP merged with IBC Group plc to form Informa plc, which continues to publish Lloyd's List.

Over the years, Lloyd's List spawned several spin-off titles, including sister title Insurance Day, which is still owned by Informa plc.

In 2009, Lloyd's List went through a major re-design that encompassed both the masthead and the newspaper itself.

In 2011, the Lloyd’s List App was launched in the Apple iTunes store.

In 2012, Containerisation International was included on Lloyd's List.

In 2013, it was announced that Lloyd's List would be available only in digital format from December 20 after they surveyed their customers and found only 25 were using the print version only.[5]

Notes and references[edit]

External links[edit]