Crude Complexity: Sanctions and the Dark Fleet with Leigh Hansson of Reed Smith on The Shipbrokers Podcast

In this episode of The Shipbrokers Podcast, Richard Matthews, Head of Research at Gibson Shipbrokers, interviews Leigh Hansson, a sanctions and export controls expert and partner at Reed Smith. The discussion covers the evolving sanctions landscape, particularly focusing on the increased complexities since 2022, US sanctions on Iran, EU and UK sanctions pressures on Russia, and the implications for the shipping and energy markets. The conversation also dives into recent sanctions on teapot refineries in China, compliance challenges, the impact of secondary tariffs on countries trading with Iran and Venezuela, and the importance of rigorous due diligence for ship owners and brokers. Leigh provides insights into the latest EU sanctions package, enforcement trends, and the broader geopolitical ramifications, offering valuable advice for industry professionals navigating these turbulent times.

00:00 Introduction to The Shipbrokers Podcast

00:24 Meet the Guest: Leigh Hansson from Reed Smith

00:32 Sanctions Landscape and Key Changes

01:46 US Sanctions Focus: Iran and China

06:08 Sanctions on Venezuela and Market Reactions

11:43 EU's 18th Sanctions Package

16:26 Impact on Shipping and Compliance Challenges

29:15 Enforcement and Future Outlook

31:40 Conclusion and Closing Remarks