SHIPPING’S greyer areas are back in the spotlight this week following the high-profile seizure of a tanker carrying sanctioned Iranian crude oil to a sanctioned Syrian refinery — giving us the first sanctions grand slam of the season. 

Shipping’s corporate veil is being pierced by ever more stringent financial and regulatory compliance requirements. Avoiding sanctions requires increasingly forensic due diligence across the supply chain to ensure security ‘red flags’ are not raised by international governments and agencies that now monitor every aspect of shipping’s trade links.

The Lloyd’s List Podcast this week shines a light into our industry’s more opaque areas, but also examines why transparency and, more specifically, data integrity is so important to shipping’s future.

While data tracking of illicit oil and deceptive behaviour patterns are one aspect of the transparency thesis, we also question whether data integrity at a government level is up to the job.

The initial results from the EU’s attempts to record CO2 emissions from shipping has thrown up some serious questions about the industry’s collective ability to verify its own data quality. With that data likely to inform policy decisions down the road, the question of who verifies the verifiers has never been more pertinent.

Joining Lloyd’s list Editor Richard Meade on the podcast this week:
• Michelle Wiese Bockmann, Lloyd’s List markets analyst
• Anastassios Adamopoulos, Lloyd’s List regulatory reporter
• Rosie Boyle, Lloyd’s List Intelligence trading analysis manager
• Sebastian Villyn, Lloyd’s List Intelligence entity analysis manager

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