On behalf of the Baltic Exchange and its members from around the world, I would like to extend sincere congratulations and best wishes to King Charles III on the occasion of his Coronation on Saturday.

The Baltic Exchange has a strong affiliation to the Royal Family.

King Charles' father, HRH The Prince Philip, Duke of Edinburgh, was the most senior member of the Baltic Exchange and was elected an Honorary Member in 1953 - one year before Sir Winston Churchill.

HRH The Prince Philip visited the Baltic Exchange on several occasions including our 250th anniversary celebrations in 1994.

In the old Exchange, HM Queen Elizabeth II had her own building which she formally opened on 21 November 1956.

Her Majesty returned 25 years later to mark the anniversary, touring the floor and meeting with members.

During many years of public service King Charles III has placed great weight on sustainability, the fight against climate change and the importance of preserving our oceans.

The Baltic Exchange shares concerns for the future of our planet and wishes His Majesty a long and successful reign.

We will proudly raise a toast to the King at the Chairman's Cocktail Party next week.