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: Why shipping is struggling to navigate increasingly complex risks

Listen to the latest edition of the Lloyd’s List’s podcast — your free briefing on the stories shaping shipping



EIGHTEEN months in, it’s perhaps not a shocker to hear that the shipping industry is still struggling with the complexities of the ever-evolving sanctions compliance regime they find themselves navigating.

But the geopolitical realities of the situation that lies ahead are now starting to hit home.

Shipping is trading in an increasingly bi-polar political environment and while no risk analyst worth talking to is going to target their crystal ball settings beyond a five-year horizon, there was a consensus yesterday inside the Lloyd’s Building during London International Shipping Week discussions, that Russia-focused sanctions are here for the next five to 10 years minimum.

The genie is not going back in the bottle on this one.

Shipping can only expect the compliance complexities to increase from here on.

So, in today’s edition of the podcast we are exploring what that really means. When we say we’re entering a bi-polar political world does that genuinely mean that shipping is going to have to take sides in where it is prepared to trade?

We’re talking about sanctions here of course, but this is more than simply looking at what trades you can and cannot do. Sanctions are a foreign policy weapon and the financial and technical services that underpin shipping have been politicised certainly, arguably weaponised.

That process has reduced the markets that insurers, lawyers and banker can offer services to. It has reduced the parts that ships can access, and the safety and maintenance service required to keep the global fleet afloat. And it’s also seeing a significant number of traders move away from the mainstream scrutiny of those well-established bodies and rules that the industry has fought so hard to establish over the past 30-40 years.

This is not just about sanctions — this is about the global rules-based order that shipping relies on crumbling before our eyes.

Lloyd's List’s LISW podcasts are sponsored by DNV. Click here to view 2023 DNV/Lloyd’s List Intelligence Maritime Safety Trends report.

Speaking on today’s edition:

  • Mike Salthouse, head of external affairs, NorthStandard P&I

  • Dr Dominick Donald, senior adviser, Herminius

  • Eleanor Midwinter, partner, Wikborg Rein

  • Cathrine Lagerberg, risk advisory senior manager, Deloitte

Related Content


  • Related Companies
  • UsernamePublicRestriction



    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