Top
image credit: Pexels

Shipping warned sanctions inflation is running ‘red hot’

March 8, 2024

Category:

The minefield shipping faces in avoiding dealing with sanctioned entities has become far more treacherous in recent years.

Exclusive data provided to Splash shows that the number of vessel-related sanctions has leapt by 380% in the 2020s so far.

Splash reported earlier this week on how vetting platform RightShip has integrated London Stock Exchange Group’s (LSEG) World-Check into its platform to allow end-users, including charterers, financial institutions, traders, port authorities and shipowners to screen and assess vessels and the maritime companies that they do business with for risks associated with sanctioned or embargoed vessels.

Read More on Splash 247