Welcome to the latest edition of Global Marine Insights
In this issue, we share our new report, Conflict without Borders and the Illusion of Distance, alongside insights from our Middle East hub, the latest instalment in our shipping sustainability series, a German and European perspective on managing sanctions risk, and key case summaries of note.
Christopher Dunn,
Head of Marine
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Iran conflict – a smooth passage towards lasting peace?
It has been over 3 months since the start of the Iran conflict. Are we at the end-game? On Wednesday 17 June, the US and Iran signed a deal committing to ‘reopening’ the Strait of Hormuz, an immediate waiver of Iranian oil sanctions, and the creation of a US$300 billion reconstruction fund for Iran. By Saturday, Iran had again declared the Strait of Hormuz ‘closed’. Further talks to finalise terms will take place over the next 60 days – or more if needed.
Conflict without borders and the illusion of distance
Why conflict in the Middle East is a global risk. Our experts from across the globe have provided their analysis on the immediate and long-term impacts of the current conflict, and what it means to insurers and insureds.
The conflict in the Persian Gulf has triggered a “two can play that game” dynamic between the US and Iran, with measures escalating and driving heightened maritime risk.
Sea-stainability series – recent developments and the impact of global conflicts
Marine sustainability has long been top of the agenda for many in the industry but it continues to face challenges, both from within and as a result of outside factors. Here, we delve into the October 2025 vote and the effect the conflict in Iran will have on sustainability in the shipping industry
Sanctions, Trade and Transport: Managing Legal Risk from a German and European Perspective
Economic sanctions have become one of the most powerful regulatory instruments shaping international trade and transport. For companies involved in maritime shipping, logistics and cross‑border supply chains, sanctions are no longer a peripheral compliance issue but a central operational and legal risk factor.
The Oceanus v Lloyd’s (M/V “Vyssos”) case is the first to interpret the IMI Clauses (Hulls), clarifying how mortgagees’ interest insurance operates when underlying cover fails and the meaning of privity. It is particularly relevant for vessels operating in war risk areas.
The Court of Appeal has revisited the interpretation and application of the “EPS Sanctions Clause”. This decision highlights the complex balance owners must maintain between complying with charterers’ orders and managing sanctions risks.
Last month we hosted our ‘Insurance Global Week’ bringing together our global Insurance teams to London for a focused week of client engagement.
Colleagues from, Milan, Paris, Barcelona, Madrid, Hamburg, Munich, Sydney, Melbourne, Brisbane, Vancouver, Calgary, Toronto, Montreal, Chicago, Warsaw, Hong Kong, London and Dubai connected with London-based clients through over 100 meetings and a series of targeted events.
Marine highlights included a client breakfast aboard the Peggy Jean, alongside wider engagement across the market through high-profile events such as our Marine Client networking drinks at the Banking Hall and the Lloyd’s rugby 7’s & netball tournament.
The week reinforces our collaborative international approach to working with our valued clients. Thank you to everyone that was able to join us!
Make sure you sign up to marketing to hear about events and networking opportunities for Insurance Global Week 2027.
Meet our Global Marine team
A globally integrated group of specialists delivering high-impact legal solutions across cargo; STP; hull and machinery; war, strikes and terrorism risks; marine cyber and marine liability. Our team comprises highly skilled professionals, including partners, legal directors, senior associates, associates, and trainees, who bring a wealth of experience in handling complex marine insurance claims, marine casualties and complex coverage disputes.
For further information on any of the topics covered, please contact our marine specialists — we're here to help you navigate the risks and opportunities across the global marine landscape.
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