How to navigate shipping’s evolving sanctions risk

The dark fleet engaged in sanctioned energy commodities trading has grown in notoriety and size over the past 12 months to beyond 350 tankers, amounting to nearly 8% of all tanker tonnage. Regulatory gaps are being increasingly exploited to amplify complexity in managing risk and compliance, beyond the already complex structures associated with ownership and control.

The rapid evolution of Russian sanctions has only added to the pre-existing complexity, and a maze of international enforcement that is now riddled with contradictions and potential pitfalls for shipping companies too often struggling to keep up with compliance.

This Lloyd’s List webinar will offer the latest view of the evolving sanctions risks for shipping and offer a series of leading expert views on how best to navigate the regulatory recommendations and expectations. 

• Understand the latest trends and characteristics of the dark fleet and how its rapid expansion is skewing markets, affecting asset values and creating a KYC minefield.
• Differentiate between opaque shipping practices and sanctions skirting and the implications for company compliance. 
• Learn how the recalibration of oil flows and coal trades to circumvent sanctions and the price cap is further adding to complexity and risk appetites.