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Daily Briefing May 17 2022

Sovcomflot’s EU operations cease but UK extends sanctions wind-down | Is shipping on verge of another super-cycle? | Russia looks to gain from grain | Ningbo probes industry misconduct

Daily Briefing


 

 

Future of Shipping: Expert Focus Videos

As part of our Future of Shipping programme industry leaders and sector experts map the path to a sustainable and profitable future.

 

 

View more export focus videos

Analysis and Comment

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The Lloyd’s List Podcast: Why shipping is facing a compliance crisis

Economic measures to cut Russia off from the world’s financial arteries are the most extensive seen since the Second World War and the impact is starting to be felt. This week’s episode of the Lloyd’s List Podcast examines what that means for shipping companies trying to navigate the morass of rapidly evolving financial trade restrictions

Lloyd's List The Shipping Podcast Ukraine crisis Sanctions

Special Report: Risk and compliance

Shipping is not becoming any less complicated and compliance risk is not moving down the industry agenda any time soon. Russian sanctions have only added to the complexity, and a maze of international enforcement that is riddled with contradictions. Click here to view the full report

 

FREE TO READ Russian sanctions concept
Shipping faces a sanctions compliance crisis

Banks have invested billions of dollars on sanctions compliance capabilities over the past decade, but the shipping industry has not kept pace. With Russian sanctions reaching across the corporate spectrum like never before, a compliance crisis looms

Businessman compliance concept
The business of shipping is getting more complicated

Russian sanctions may have sparked the current compliance crisis, but the industry’s routine outsourcing of skills over decades has left a hole in its collective ability to navigate complexity

The 284,480 dwt, Singapore-flagged VLCC Front Duke
Mind the gap: Illegitimate and fraudulent shipping practices threaten regulatory integrity

The rise of fake flag registries, forged documents, fraudulent classification societies and illegitimate P&I clubs — and, more seriously, the issuing and laundering of IMO and MSSI numbers — is now threatening the integrity of the global regulatory system underpinning world trade

FREE TO READ US President Joe Biden signs an executive order for economic sanctions against Russia
US position on Russian sanctions is far from clear-cut

The US has followed its UK, Canadian and EU counterparts with restrictions on Russian-associated vessels in response to the invasion of Ukraine, but abiding to the latest presidential proclamation is no mean feat

 

 

The Lloyd's List Podcast

  

 

 

Special Reports

Audio

The Shipping Podcast

From left: Deanna MacDonald, Nick Chubb, Roberto Coustas and Elena Prekopova
The Lloyd's List Podcast: Is AI really changing shipping?

Technology changes slowly at first and then very, very rapidly and there is a small window of opportunity before artificial intelligence becomes normalised in shipping. This week on the Lloyd’s List Podcast we are exploring whether the AI revolution really is changing shipping and why the answer to that question is less a story about technology and more about an industry that is rapidly evolving into a tiered structure of haves and have nots

FREE TO READ Podcast: Putin
The Lloyd’s List Podcast: Why shipping is facing a compliance crisis

Economic measures to cut Russia off from the world’s financial arteries are the most extensive seen since the Second World War and the impact is starting to be felt. This week’s episode of the Lloyd’s List Podcast examines what that means for shipping companies trying to navigate the morass of rapidly evolving financial trade restrictions

The Lloyd’s List Podcast: Five key forecasts for shipping

Lloyd’s List’s latest quarterly outlook for shipping examines the trends across all shipping sectors, so for this week’s edition of the podcast the editorial team have gathered around the microphone to offer their view of what happens next in containers, tankers, dry bulk, the orderbook and regulation

Top row: Julian Clark, Päivi Brunou. Bottom row: Bill Egerton, Simon Meech, Kelly Malynn.
The Lloyd’s List Podcast: The cyber threat to maritime and the insurance industry's response

There is a disconnect between the increasing risk to maritime businesses posed by cyber attacks and the defences being erected in response. So as US president Joe Biden was declaring it a ‘patriotic obligation’ for businesses to bridge that gap, Lloyd’s List and Insurance Day were busy this week gathering the industry’s leading experts for a frank discussion of the evolving threat to shipping and how standardisation, transparency and a significant uptick in funding are required to avert a looming crisis

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