The Ukraine effect podcast: Shipping’s shifting macro risk

Episode 4 of a special six-part series of Lloyd’s List Podcasts examining how the war in Ukraine has had a lasting impact on different aspects of the shipping industry. This episode looks at why one of the lasting effects of the Ukraine was is going to be a significantly elevated series of risk factors for shipping. To listen to the full series go to: http://bit.ly/3KbnQpS Previous episodes examined why the evolving minutiae of various compliance regimes means that the business of shipping is getting more complicated, but there is a bigger picture here as well. The macro economic and geopolitical risk factors that determine long term strategic thinking in an industry that necessarily needs to look at least 20 years into the future on any given asset deal, is getting more complex. Disruptions are of course part and parcel of shipping and in many ways shipping has often thrived, financially speaking, in times of war. But today’s edition of the podcast proposes that there has been a shift. The wider series of tipping points that a shipowner has to consider are now much more complex than they ever have been before, and the impact of the past 12 months has forced shipping businesses to start mapping out risks that they have never previously even thought of considering. On today’s edition of the podcast: • Cormac McGarry, associate director at Control Risks, talks about the changing risks for shipping as a result of war in Ukraine.