Lloyd's List is part of Maritime Intelligence

This site is operated by a business or businesses owned by Maritime Insights & Intelligence Limited, registered in England and Wales with company number 13831625 and address c/o Hackwood Secretaries Limited, One Silk Street, London EC2Y 8HQ, United Kingdom. Lloyd’s List Intelligence is a trading name of Maritime Insights & Intelligence Limited. Lloyd’s is the registered trademark of the Society Incorporated by the Lloyd’s Act 1871 by the name of Lloyd’s.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

Printed By


The Lloyd’s List Podcast: Red flags in a sea of transparency

Keep up to date with all the latest news and analysis from London International Shipping Week with the help of this special daily Lloyd’s List Podcast

In the first of a daily series of London International Shipping Week Podcasts, Lloyd’s List Editor Richard Meade dissects the current sanctions risk facing shipping with the help of Lloyd’s list’s tanker tracker-in-chief Michelle Wiese Bockmann and input from the panel of experts pulled together to talk at Lloyd’s List’s Transparency in Shipping Forum


SHIPPING is still an opaque business, but the forensic attention of state actors seeking to sanction the activities of Iran, Syria and North Korea to name but a few of the current crop of targets, means that is changing, whether we like it or not. The premise of the Lloyd’s List Transparency forum was that shipping’s corporate veil is being pierced by ever more stringent financial and regulatory compliance requirements. 

Today’s podcast — the first of a daily series of specials from London International Shipping Week — examines the implications for shipping when it comes to sanctions, featuring the expert analysis of our speakers, particularly from the insurance perspective.

According to Neil Roberts, head of marine underwriting at Lloyd’s Market Association, marine insurers are doing everything they can to adhere to sanctions and follow the law, however ambiguity around which entities are engaged in sanctions is a serious problem.

Whilst it is an issue that is being foisted on industry, no amount of compliance expense is going to stop criminal behavior, he argues, pointing out that insurance has no constabulary powers.

More data is all very well but only a fraction of the data tide is useful or used.

The US regulators are deliberately vague and this sets up a tension with insurers who are based on law which is binary.

It is unrealistic to expect a supporting industry to solve an issue that a state wants to solve but lacks one or more of the means, will, or confidence to do militarily.

Joining Lloyd’s List Editor to dissect the day’s debate and offer her own forthright views on the matter before she jets off to Toronto next week to address the annual IUMI conference is Michelle Wiese Bockmann. 

You can listen to all our podcasts for free on Lloydslist.com, or better still, subscribe to the Lloyd’s List Podcast via iTunes and Spotify, as well as most other podcast providers. And while you’re there make sure you are registered for a free account on Lloydslist.com so you can receive our Daily Briefing email. 


Related Content





Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts