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Lloyd's List

Full company profile

uuid000sw73

Namestring
Lloyd's List
Legal namestring
Maritime Insights & Intelligence Limited
Websiteurl
lloydslist.com
Company typeenum
Private
Founded yearint
1734
Descriptiontext

Lloyd's List is a maritime intelligence publisher that delivers validated news, market analysis, and structured data products to global shipping professionals. Operating under Maritime Insights & Intelligence Limited (an Informa subsidiary registered in England and Wales as company number 13831625), it serves executives, brokers, traders, insurers, lawyers, and regulatory professionals across container, dry bulk, tanker, gas, ports, and logistics segments. Its editorial franchise, dating to 1734 and operating under the Lloyd's trademark, includes the Lloyd's List news service, the Daily Briefing, Special Reports, the Lloyd's List Podcast, the One Hundred People rankings, and One Hundred Container Ports.

The product portfolio blends subscription editorial with proprietary data tools. Structured products include Seasearcher (vessel tracking, ownership data, fleet information, casualty records, regulatory compliance), i-Law (maritime legal research), Insurance Day (insurance-market publication), Markets Data (shipping rate indices, freight benchmarks), Containers Data Hub, Casualties tracking, and Directories. Distribution is digital-first via the lloydslist.com platform with Salesforce-based OAuth authentication, supplemented by email newsletters, podcasts, and sponsored editorial. Marketing Solutions (advertising, sponsored content, webinars, classifieds) adds an advertiser-funded revenue layer.

The business model is a sales-led, subscription-based B2B intelligence service with annual billing cadence and quote-based enterprise pricing (not publicly disclosed). Revenue streams are concentrated in subscription revenue, supplemented by advertising and sponsored content via Marketing Solutions. Geographic reach covers the United Kingdom (London headquarters at 10 St Bride Street), Singapore, the United Arab Emirates, China, India, the United States, and Greece, supported by UK and APAC support hubs.

Short descriptiontext

Lloyd's List is a maritime intelligence publisher delivering subscription-based news, market analysis, and proprietary data tools to global shipping professionals across containers, dry bulk, tankers, gas, ports, insurance, and legal segments. Operated by Maritime Insights & Intelligence Limited, an Informa subsidiary, under the historic Lloyd's trademark.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersLondon, United Kingdom
HQ citystring
London
HQ countrystring
United Kingdom
HQ regionstring
Europe
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
maritime intelligence, shipping news, vessel tracking data, freight rate analysis, maritime market intelligence
Industry2 codes
1Cargo Visibility, Track & Trace & Port Analytics (ETA/ETD, Dwell, Predictive)
CodeTLAHAOAHPrimaryYes
2Logistics Analytics & BI Dashboards
CodeTLAEAKABPrimaryNo
NAICS code2 codes
  • Directory and Mailing List Publishers51314
  • Information51
SIC code1 code
  • Newspapers: Publishing Or Publishing & Printing2711
Product category
Maritime Intelligence
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Subscription Revenue
TypeSubscription Recurring
Description

Paid subscription model providing access to full maritime intelligence service including daily headlines, analysis, special reports, and data tools delivered via digital platform and email.

lloydslist.com
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Pricing details1 tier
1Subscription access to full service
ModelSubscriptionBilling cadenceAnnual
Notes

Quote-based / Not publicly disclosed

lloydslist.com
GTM typeB2B
B2B
Offering typeDigital Commerce or Conte…
Digital Commerce or Content
Core offering1 text field

Lloyd's List provides subscription-based maritime intelligence, delivering curated news, daily headlines, market analysis, and specialized data tools for global shipping professionals. Its portfolio encompasses the core Lloyd's List news service alongside data platforms including Seasearcher (vessel and company intelligence), i-Law (maritime legal research), Markets Data, Containers Data Hub, Casualties tracking, and industry directories. Content is delivered through its digital platform, email newsletters, podcasts, and special reports covering containers, dry bulk, tankers, gas, ports, and logistics sectors.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Lloyd's List is a maritime intelligence platform operated by Maritime Insights & Intelligence Limited, offering a portfolio of news, data, and analytical products. The core offering is Lloyd's List Intelligence, which encompasses the subscription-based Lloyd's List news service delivering daily headlines, market analysis, and special reports covering global shipping markets including tankers, dry bulk, containers, and gas carriers. Supporting this are data tools including Seasearcher (vessel and company intelligence), i-Law (legal research), Insurance Day (insurance market publication), Markets Data, Containers Data Hub, Casualties tracking, and industry Directories. The portfolio also includes multimedia content formats such as the Lloyd's List Podcast, editorial series like One Hundred People and One Hundred Container Ports, Daily Briefing newsletters, Special Reports, and The Week in Charts. Marketing Solutions services are offered for industry advertisers. The company is part of Informa's maritime intelligence division.

Product and service12 records
1Lloyd's List Intelligence
CategoryMaritime Intelligence Platform
Description

Core maritime intelligence platform providing shipping news, analysis, data tools, casualty tracking, and market insights for maritime industry professionals through a subscription model.

2Lloyd's List
3Seasearcher
4i-Law
5Insurance Day
6Markets Data
7Containers Data Hub
8Casualties
9Directories
10One Hundred People
11One Hundred Container Ports
12Marketing Solutions
Scale indicator1 record

Each record includes

Type, Value, Description, Source

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Long-established maritime and shipping news publication covering shipowning, finance, and freight markets. Direct competitor to Lloyd's List in the subscription maritime news category, serving overlapping audiences of shipowners, financiers, and industry professionals.

TypeDirect peer
Description

Online maritime industry news and community platform covering shipping operations, regulation, and seafarer issues. Competitor for maritime professionals' attention and a similar advertising/sponsorship revenue model anchored on the same shipowner and operator audience.

TypeDirect peer
Description

Daily maritime news site covering shipping business, finance, and technology, with a strong online and newsletter presence. Competes for the same shipping executive subscriber base and ranks for overlapping SEO keywords around container, tanker, and dry bulk markets.

TypeDirect peer
Description

Freight market data, news, and analytics platform covering trucking, ocean, and intermodal markets, with Sonar rate indices and SONAR data feeds. Direct peer in maritime-tracked freight intelligence, particularly on container rate reporting, where prior Lloyd's List senior reporter Greg Miller previously worked.

TypeDirect peer
Description

Long-running publication covering global ocean shipping, ports, and intermodal logistics, integrated within FreightWaves. Competes with Lloyd's List for ocean shipping news readership and the same shipper/carrier/professional services audience.

TypeBroad incumbent
Description

Shipping intelligence and research arm of Clarkson PLC providing shipbuilding, secondhand, and freight rate databases (e.g., Sea/net). Overlaps with Lloyd's List in market analytics and seaborne trade data, though positioned as a broader commercial shipbroking incumbent.

TypeEmerging player
Description

Vessel-tracking and maritime data platform providing AIS-based ship positions, port calls, and fleet analytics. Competes with Lloyd's List Seasearcher in vessel and ownership intelligence, but serves a broader cross-segment audience from enthusiasts to enterprise shipping teams.

TypeEmerging player
Description

Data platform providing vessel valuations, freight indices, and transaction analytics across tankers, bulkers, containers, and offshore. Overlaps with Lloyd's List Markets Data and Casualties modules for shipowner and financier decision-making.

TypeDirect peer
Description

Specialist publication and data provider for the marine bunker fuels market, with Bunker Price Index and port pricing. Comparable to Lloyd's List in the niche news-plus-data model, particularly relevant where Lloyd's List covers Tankers & Gas and fuel-related regulatory shifts.

TypeBroad incumbent
Description

Major commodities intelligence and benchmark pricing provider covering oil, gas, petrochemicals, and shipping freight. Overlaps with Lloyd's List's Tanker & Gas coverage and competes for budget of shipping finance, trading, and insurance customers.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment6 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles8 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Lloyd's List

Maritime Intelligencelloydslist.com

Lloyd's List is a maritime intelligence publisher delivering subscription-based news, market analysis, and proprietary data tools to global shipping professionals across containers, dry bulk, tankers, gas, ports, insurance, and legal segments. Operated by Maritime Insights & Intelligence Limited, an Informa subsidiary, under the historic Lloyd's trademark.

What Lloyd's List does

Lloyd's List is a maritime intelligence publisher that delivers validated news, market analysis, and structured data products to global shipping professionals. Operating under Maritime Insights & Intelligence Limited (an Informa subsidiary registered in England and Wales as company number 13831625), it serves executives, brokers, traders, insurers, lawyers, and regulatory professionals across container, dry bulk, tanker, gas, ports, and logistics segments. Its editorial franchise, dating to 1734 and operating under the Lloyd's trademark, includes the Lloyd's List news service, the Daily Briefing, Special Reports, the Lloyd's List Podcast, the One Hundred People rankings, and One Hundred Container Ports.

The product portfolio blends subscription editorial with proprietary data tools. Structured products include Seasearcher (vessel tracking, ownership data, fleet information, casualty records, regulatory compliance), i-Law (maritime legal research), Insurance Day (insurance-market publication), Markets Data (shipping rate indices, freight benchmarks), Containers Data Hub, Casualties tracking, and Directories. Distribution is digital-first via the lloydslist.com platform with Salesforce-based OAuth authentication, supplemented by email newsletters, podcasts, and sponsored editorial. Marketing Solutions (advertising, sponsored content, webinars, classifieds) adds an advertiser-funded revenue layer.

The business model is a sales-led, subscription-based B2B intelligence service with annual billing cadence and quote-based enterprise pricing (not publicly disclosed). Revenue streams are concentrated in subscription revenue, supplemented by advertising and sponsored content via Marketing Solutions. Geographic reach covers the United Kingdom (London headquarters at 10 St Bride Street), Singapore, the United Arab Emirates, China, India, the United States, and Greece, supported by UK and APAC support hubs.

Lloyd's List firmographics

Firmographics
Name
Lloyd's List
Legal name
Maritime Insights & Intelligence Limited
Website
https://lloydslist.com
Company type
Private
Founded year
1734
Operating status
Operating
Headcount range
101–250 employees
Short description
Lloyd's List is a maritime intelligence publisher delivering subscription-based news, market analysis, and proprietary data tools to global shipping professionals across containers, dry bulk, tankers, gas, ports, insurance, and legal segments. Operated by Maritime Insights & Intelligence Limited, an Informa subsidiary, under the historic Lloyd's trademark.
Ownership category
akta.pro rank

Lloyd's List industry classification

Industry
Product category
Maritime Intelligence
NAICS
Directory and Mailing List Publishers (51314), Information (51)
SIC
Newspapers: Publishing Or Publishing & Printing (2711)
akta.pro primary industry
Cargo Visibility, Track & Trace & Port Analytics (ETA/ETD, Dwell, Predictive) (TLAHAOAH)
akta.pro secondary industry
Logistics Analytics & BI Dashboards (TLAEAKAB)

Keywords

  • Maritime intelligence
  • Shipping news
  • Vessel tracking data
  • Freight rate analysis
  • Maritime market intelligence

Where Lloyd's List is headquartered

Location

Headquarters

HQ city
London
HQ country
United Kingdom
HQ region
Europe

Offices1 record

Markets served

Lloyd's List business model

Business model
GTM type
B2B
Offering type
Digital Commerce or Content
Cost components
Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

  1. Subscription Revenue: Paid subscription model providing access to full maritime intelligence service including daily headlines, analysis, special reports, and data tools delivered via digital platform and email.

Pricing tiers

ModelBillingPrice
SubscriptionAnnualSubscription access to full service

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Lloyd's List product offering

Product offering

Core offering

Lloyd's List provides subscription-based maritime intelligence, delivering curated news, daily headlines, market analysis, and specialized data tools for global shipping professionals. Its portfolio encompasses the core Lloyd's List news service alongside data platforms including Seasearcher (vessel and company intelligence), i-Law (maritime legal research), Markets Data, Containers Data Hub, Casualties tracking, and industry directories. Content is delivered through its digital platform, email newsletters, podcasts, and special reports covering containers, dry bulk, tankers, gas, ports, and logistics sectors.

Product overview

Lloyd's List is a maritime intelligence platform operated by Maritime Insights & Intelligence Limited, offering a portfolio of news, data, and analytical products. The core offering is Lloyd's List Intelligence, which encompasses the subscription-based Lloyd's List news service delivering daily headlines, market analysis, and special reports covering global shipping markets including tankers, dry bulk, containers, and gas carriers. Supporting this are data tools including Seasearcher (vessel and company intelligence), i-Law (legal research), Insurance Day (insurance market publication), Markets Data, Containers Data Hub, Casualties tracking, and industry Directories. The portfolio also includes multimedia content formats such as the Lloyd's List Podcast, editorial series like One Hundred People and One Hundred Container Ports, Daily Briefing newsletters, Special Reports, and The Week in Charts. Marketing Solutions services are offered for industry advertisers. The company is part of Informa's maritime intelligence division.

Differentiator

Problem solved

Functional benefit

Products and services

  • Lloyd's List Intelligence Core maritime intelligence platform providing shipping news, analysis, data tools, casualty tracking, and market insights for maritime industry professionals through a subscription model.
  • Lloyd's List
  • Seasearcher
  • i-Law
  • Insurance Day
  • Markets Data
  • Containers Data Hub
  • Casualties
  • Directories
  • One Hundred People
  • One Hundred Container Ports
  • Marketing Solutions

Companies that use Lloyd's List

Customer profile

Segments6 records

Ideal customer profiles2 records

Lloyd's List technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Lloyd's List partnerships and signals

Strategic signal

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Lloyd's List competitors and assessment

Company assessment

Direct peers

  • TradeWinds: Long-established maritime and shipping news publication covering shipowning, finance, and freight markets. Direct competitor to Lloyd's List in the subscription maritime news category, serving overlapping audiences of shipowners, financiers, and industry professionals.
  • gCaptain: Online maritime industry news and community platform covering shipping operations, regulation, and seafarer issues. Competitor for maritime professionals' attention and a similar advertising/sponsorship revenue model anchored on the same shipowner and operator audience.
  • Splash247: Daily maritime news site covering shipping business, finance, and technology, with a strong online and newsletter presence. Competes for the same shipping executive subscriber base and ranks for overlapping SEO keywords around container, tanker, and dry bulk markets.
  • FreightWaves: Freight market data, news, and analytics platform covering trucking, ocean, and intermodal markets, with Sonar rate indices and SONAR data feeds. Direct peer in maritime-tracked freight intelligence, particularly on container rate reporting, where prior Lloyd's List senior reporter Greg Miller previously worked.
  • American Shipper: Long-running publication covering global ocean shipping, ports, and intermodal logistics, integrated within FreightWaves. Competes with Lloyd's List for ocean shipping news readership and the same shipper/carrier/professional services audience.
  • Ship & Bunker: Specialist publication and data provider for the marine bunker fuels market, with Bunker Price Index and port pricing. Comparable to Lloyd's List in the niche news-plus-data model, particularly relevant where Lloyd's List covers Tankers & Gas and fuel-related regulatory shifts.

Broad incumbents

  • Clarkson Research: Shipping intelligence and research arm of Clarkson PLC providing shipbuilding, secondhand, and freight rate databases (e.g., Sea/net). Overlaps with Lloyd's List in market analytics and seaborne trade data, though positioned as a broader commercial shipbroking incumbent.
  • S&P Global Commodity Insights (formerly Platts): Major commodities intelligence and benchmark pricing provider covering oil, gas, petrochemicals, and shipping freight. Overlaps with Lloyd's List's Tanker & Gas coverage and competes for budget of shipping finance, trading, and insurance customers.

Emerging players

  • MarineTraffic: Vessel-tracking and maritime data platform providing AIS-based ship positions, port calls, and fleet analytics. Competes with Lloyd's List Seasearcher in vessel and ownership intelligence, but serves a broader cross-segment audience from enthusiasts to enterprise shipping teams.
  • VesselsValue: Data platform providing vessel valuations, freight indices, and transaction analytics across tankers, bulkers, containers, and offshore. Overlaps with Lloyd's List Markets Data and Casualties modules for shipowner and financier decision-making.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Lloyd's List social profiles

Digital presence

Lloyd's List financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Lloyd's List leadership team

Management profile

Number of profiles

Profiles8 records

Lloyd's List funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Lloyd's List M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lloyd's List

What does Lloyd's List do?

Lloyd's List provides subscription-based maritime intelligence, delivering curated news, daily headlines, market analysis, and specialized data tools for global shipping professionals. Its portfolio encompasses the core Lloyd's List news service alongside data platforms including Seasearcher (vessel and company intelligence), i-Law (maritime legal research), Markets Data, Containers Data Hub, Casualties tracking, and industry directories. Content is delivered through its digital platform, email newsletters, podcasts, and special reports covering containers, dry bulk, tankers, gas, ports, and logistics sectors.

Is Lloyd's List a public or private company?

Lloyd's List is a private company. It is classified as corporate owned and is currently operating.

When was Lloyd's List founded?

Lloyd's List was founded in 1734. It employs 101 to 250 people.

Where is Lloyd's List based?

Lloyd's List is headquartered in London, United Kingdom, in the Europe region.

How does Lloyd's List make money?

One revenue line is on record: subscription Revenue.

Who are Lloyd's List's main competitors?

Direct peers on record are TradeWinds, gCaptain, Splash247, FreightWaves, American Shipper and Ship & Bunker. Broad incumbents are Clarkson Research and S&P Global Commodity Insights (formerly Platts). Emerging players are MarineTraffic and VesselsValue.

Does Lloyd's List have an API?

No public API is recorded for Lloyd's List.

What industry is Lloyd's List in?

Lloyd's List's product category is Maritime Intelligence. Its primary akta.pro industry code is TLAHAOAH, Cargo Visibility, Track & Trace & Port Analytics (ETA/ETD, Dwell, Predictive), with a secondary code of TLAEAKAB, Logistics Analytics & BI Dashboards. Its NAICS code is 51314 and its SIC code is 2711.

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Live signals
TradingViewZAWYA-PRESSR: UAE-based maritime leaders named in Lloyd’s List Top 100Three UAE-based maritime executives from DP World, ADNOC Logistics and Services, and GMS were named to the 2025 Lloyd’s List Top 100 Most Influential People in Shipping. The recognition highlights their leadership in global supply chain expansion, fleet growth, and ship recycling compliance standards. This inclusion underscores the UAE's strategic role in shaping global maritime decision-making and industry resilience.EgyptTodayLloyd's List names Chief of Suez Canal Osama Rabie amongst list of 100 most influential figures in global maritime transport sectorLloyd's List named Admiral Osama Rabie, Chairman of the Suez Canal Authority, to its list of 100 most influential figures in the global maritime transport sector, ranking him 75th. The recognition acknowledges his marketing campaign to restore shipping traffic through the Red Sea following a two-year crisis that significantly impacted Suez Canal revenues, with the SCA offering incentives including 15% discounts for container ships exceeding 10,000 TEUs. The report highlights ongoing efforts to regain shipping confidence, including SCA's calls on marine insurers to reduce premiums for Red Sea voyages.GlobeNewswireSeanergy Maritime Awarded ‘‘The Dry Cargo Company of the Year’’ at the Lloyd’s List Greek Shipping Awards 2021Seanergy Maritime Holdings Corp. won "The Dry Cargo Company of the Year" at the Lloyd's List Greek Shipping Awards 2021 in Athens. The company's 17 Capesize vessels, with an average age of 11.7 years, and CEO Stamatis Tsantanis's remarks on the fleet's 70% increase in 2021 were highlighted.GlobeNewswireAristides Pittas Wins Lloyd’s List Newsmaker of the Year Award 2021Aristides Pittas, CEO of Euroseas, won the Lloyd's List Greek Shipping Newsmaker of the Year Award in 2021. The award recognized his leadership of Euroseas and EuroDry, including a record containership charter rate of $202,000 per day for the M/V Synergy Oakland.Business InsiderMemes mocking the Suez Canal blockage spurred rescue teams to work even harder, a mariner on the job saidEgyptian workers freed the Ever Given ship from the Suez Canal after three days of blockage, with tugboats and excavators working. Lloyd's List estimated $400 million per hour in global trade costs, and a backlog of about 300 vessels remained. President el-Sisi praised Egyptian workers on Twitter.PR NewswireCarnival Corporation Wins Environmental Award for Clean-Air CommitmentCarnival Corporation & plc has been awarded the Lloyd's List Americas 2017 Cleaner Safer Seas Solutions award for its commitment to reducing air emissions through the adoption of liquefied natural gas (LNG) fuel. The company is pioneering this technology by building seven next-generation cruise ships across brands such as AIDA Cruises and Costa Cruises that will utilize LNG for power generation in port and at sea.PR NewswireHolland America Line Wins 'Seafarer of the Year' Award from Lloyd's List for 'ms Veendam's' Rescue of Pilot from Pacific OceanHolland America Line's ms Veendam was named 'Seafarer of the Year' at the 2016 Lloyd's List North American Maritime Awards for rescuing a pilot who ditched his aircraft in the Pacific Ocean off Maui in January 2015. The award recognizes the crew's bravery and professionalism in retrieving the pilot from a life-raft after he ejected from his fuel-starved plane.GlobeNewswireCostamare Named Company of the Year by Lloyd's ListCostamare Inc. was named 'Company of the Year' by Lloyd's List at the Global Awards 2014 ceremony in London on September 30. The company operates a fleet of 67 containerships with over 445,000 TEU capacity, including nine newbuilds on order.GlobeNewswireDanaos Corporation Awarded "Dry Cargo Company of the Year" at the Lloyd's List Greek Shipping Awards 2006Danaos Corporation received the "Dry Cargo Company of the Year 2006" award at the Lloyd's List Greek Shipping Awards in Athens on December 8, 2006. The company's fleet of 28 containerships aggregates 125,695 TEUs, and it has 15 additional vessels on order and 3 second-hand ships to acquire.