President Biden claims to be “viscerally angry” about the container lines who he blames for inflation, soaring freight rates, supply chain congestion and much in between. The political theatre of the Ocean Shipping Reform Act was on show in the US this week, but to help explain what it really means for shipping this week’s Lloyd’s List Podcast features two people who really know what’s going on: Federal Maritime Commissioner chairman Daniel Maffei President and CEO of the World Shipping Council John Butler.

The Lloyd’s List Podcast: Why does President Biden want to punch shipping CEOs?

The volume and frequency of sanctions being targeted against shipping has never higher, or more visible, Sanctions are now a daily part of the Lloyd’s List news agenda, so it’s sometimes difficult to see how and how fast things are changing. 

But the risk and compliance landscape has noticeably changed this year – we’re seeing more targeted sanctions, and in response we’re seeing an ever-evolving shift of circumvention tactics, from an ever growing dark fleet that is looking more and more dangerous by the day.

And the politics are also shifting.

Much of Donald Trump’s sanctions strategy remains unclear, and on past experience, unpredictable.

It’s a fair bet that Tehran can expect to be under more pressure post January 20 next year. 

But what happens with Russia – that’s the big question.  And what does that mean for the rest of shipping that has been left to navigate its way around not just an increasingly hefty compliance burden, but what is essentially a tiered trading system where one part of the industry is jumping through hoops to apply regulation and decarbonise and pay for carbon burned…

While another section sails without basic adherence to safety regulations, no insurance, no legitimate flag – they are outside of the rules based order and they are earning a premium for it.

So when Lloyd’s List hosted its annual Outlook Forum in London earlier this month, this was the context to our discussions around sanctions risk and compliance.

If you haven’t already listened to the previous edition of the podcast where we brought you highlights of the first panel from our outlook event, then now would be a good time to hit pause and go back to listen to that one first.

For the rest of you though, this is the second and final part of our edited highlight series that you’re going to be listening to today.

Joining Richard on the panel were:
Michelle Linderman, partner, Van Bael & Bellis
Daniel Martin, partner, HFW
Michelle Wiese Bockmann, principal analyst, Lloyd’s List
Bridget Diakun, maritime risk analyst, Lloyd’s List


The Lloyd’s List Outlook Forum: Is the dark fleet getting darker?

The Gulf of Guinea has been a persistent problem when it comes to maritime security and there is good reason to be concerned that 2019 is only going to get worse. This week’s podcast examines the security situation for shipping talking to Bimco’s head of security Jakob Larsen and Senior Maritime Analyst at Control Risks, Cormac Mc Garry.

For the full story visit Lloydslist.com and register for a free trial.

The Lloyd’s List Podcast: The persistent problem of piracy

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The Lloyd’s List Outlook Forum: Is the dark fleet getting darker?

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