The US, Australia and members of the Group of Seven countries have announced a long-anticipated crackdown on evasive and deceptive shipping practices to breach price caps imposed on Russian oil trades, in their first maritime advisory on sanctions in more than three years.
Watch Daniel Martin, Sanctions expert and Partner at law firm HFW, as he discusses the volatile sanctions climate and rise in illicit activity affecting the global maritime industry.
EU member states have adopted an 11th package of sanctions that confirm plans to ban access to EU ports for ships which engage in ship-to-ship transfers if there is cause to suspect the cargo is of Russian origin. So what do we know?
Read expert analysis conducted by Lloyd’s List Intelligence on the high number of dark vessels and AIS gaps around the Kerch Strait, with research sourced from Seasearcher Advanced Risk & Compliance.
Read expert analysis conducted by Lloyd’s List Intelligence on the continuing trade of blacklisted vessels in spite of recent international sanctions, with research sourced from Seasearcher Advanced Risk & Compliance.
Read expert sanctions analysis from Lloyd's List Intelligence, with commentary around the strict sanctions due to be enforced and the importance of using sophisticated vessel tracking tools like Seasearcher Advanced Risk & Compliance.
Russia’s industrial scale sanctions-evasion programme is growing more complicated and sophisticated, courtesy of an ever expanding “dark fleet” of subterfuge shipping and a shadowy network of brass plate companies and middlemen beyond the reach of Western interventions.
In this special edition podcast, our analysis team and industry leaders will address what’s ahead for shipping, including seafarer impact and the changing role of the globally recognised dark fleet.
Register your details below to listen to the podcast.
Russia’s supply chains have shown resilience since the invasion of Ukraine, with cargo flows being redirected to ‘friendly’ countries using transport corridors touted by President Vladimir Putin as long-term priority trade routes.
Port congestion and increased berthing times - the new normal under China’s strict Covid policy
Market cycles can be forecast, but with limited reliability. The extremities of market peaks, however, are driven by ‘black swans’ – developments and events that happen only rarely, tend to catch society by surprise, and have a transformative impact around the globe.
Ill-equipped shipping, finance and insurance businesses have found themselves navigating a maze of international enforcement that is riddled with contradictions. Compliance experts have found themselves under sharply increased demand round-the-clock, as they labour to navigate the rapidly evolving financial trade restrictions.
A new offshore logistics network is evolving to transport Russian oil and circumvent the restrictions of sanctions and expensive insurance.
Sanctions compliance is getting more complex. Learn the smart way to maximise protection and minimise risk when lending to the shipping industry.
Companies were already struggling to navigate a quagmire of sanctions compliance before Russia's invasion of Ukraine. Now the restrictions can change daily and reach across the corporate spectrum like never before.
Increasingly complex standards around sanctions compliance leave operators more exposed to penalties. Let’s look at two recent real-life cases to illustrate the growing compliance risk faced by operators.
Hear how industry professionals grappled with identifying exposure to counterparty and sanctions risk and what procedures they developed to detect increasingly sophisticated deceptive shipping practices.
The movement of illicit cargo across water is increasingly difficult to pinpoint. Tactics used by owners and operators to conceal the transport and exchange of materials that are sanctioned are evolving and becoming increasingly sophisticated.
International shipping is under more scrutiny than ever. Here's how advanced maritime data can help ensure regulatory compliance.
This webinar looks at how many vessels are involved in deceptive activity, what the typical behaviours are and the tactics they could be using.
Official sanctions lists such as OFAC establish a firm red line against the highest risk vessels, flag states, owners, and operators. Any legitimate organisation that does business with these blacklisted vessels or entities – knowingly or unknowingly – could suffer financially or reputationally.
The key to success in identifying maritime compliance risk is being able to understand and rate patterns of high-risk behaviour and activity as quickly as possible. Ideally, to do so as soon as the activity emerges and before it reaches alarming levels.