Of all the 2018 Bafta Film nominees in non-gender-specific categories, only around 20 per cent are women.
Kathryn Bigelow is the only woman in history to win the Best Director award – for The Hurt Locker in 2010.
The Shape Of Water is competing for Best Cinematography, Best Sound, Best Film Music, Best Production Design, Best Costume Design, Best Editing and Best Special Visual Effects.
Facing off in the all important Best Actor category are Daniel Day Lewis for Phantom Thread, rising star Daniel Kaluuya for Get Out, Gary Oldman for Darkest Hour, Timothee Chalamet and Call Me By Your Name and Jamie Bell for Film Stars Don't Die In Liverpool.
One category not announced was the EE Rising Star Award, voted for by the public, which will be a battle between Daniel Kaluuya, Florence Pugh, Josh O’Connor, Timothée Chalamet and Tessa Thompson.
Golden Globe winner Guillermo Del Toro (The Shape of Water) will be facing off against Martin Mc Donagh (Three Billboards) in the Best Director round, alongside Denis Villeneuve for Blade Runner 2049, Luca Guadagnino for Call Me By Your Name and Christopher Nolan for Dunkirk.
The BAFTAs will take place in London on February 18.
This comes just two days after the Golden Globes, which saw Big Little Lies take home the most awards on the night with Frances Mc Dormand and Three Billboards Outside Ebbing, Missouri taking top honours in the film category.
Frances will go head-to-head with The Shape Of Water's Sally Hawkins for Best Actress in a Leading Role, as well as Annette Benning (Film Stars Don't Die In Liverpool), Margot Robbie (I Tonya), Saoirse Ronan (Lady Bird).
Meanwhile, The Shape Of Water's Octavia Spencer has received a nomination in the Best Supporting Actress category, alongside Allison Janney (I, Tonya), Kristen Scott Thomas (Darkest Hour) Laurie Metcalfe (Lady Bird) and Lesley Manville (Phantom Thread).