Why Maritime Compliance is Fragmenting and What Comes Next 5th March 8:30AM GMT

Why Maritime Compliance is Fragmenting and What Comes Next 5th March 8:30AM GMT

Balancing an impossible equation

Rising regulatory complexity, conflicting screening results, duplicated verification, and limited dedicated headcount being squeezed from all sides.

A major new study from Marcura examines how leading maritime organisations are responding and makes the case for a new approach to compliance built around shared standards and collective learning.

Featuring perspectives from Pacific Basin, Enesel Group, Emirates Shipping Lines, and the Maritime Anti-Corruption Network.

Compliance teams are under increasing pressure

We asked Operations Directors how they felt about the demands placed on their existing compliance teams

80% find it hard to keep up with Financial Crime Compliance changes

80% find it hard to keep up with Financial Crime Compliance changes

80% find it hard to keep up with Financial Crime Compliance changes

80% find it hard to keep up with Financial Crime Compliance changes

71% say manual due diligence consumes too much time

71% say manual due diligence consumes too much time

71% say manual due diligence consumes too much time

71% say manual due diligence consumes too much time

86% are concerned about compliance gaps and undetected risks

86% are concerned about compliance gaps and undetected risks

86% are concerned about compliance gaps and undetected risks

86% are concerned about compliance gaps and undetected risks

What leading practitioners told us

“There are very large shipping lines capable of doing screening themselves, which needs a lot of manpower. ESL believes in using technology driven solutions for this and  sit in a sweet spot of company size where it makes sense to get a specialist involved.”

Fieke Nijland, VP, Legal Counsel, Emirates Shipping Line

“The industry is already complex enough to keep everyone on their toes. Without clear rules, that complexity can easily turn into chaos. I want compliance to stay simple.”

Mike Gerasymov, Global Head of Corporate Risk, Enesel Group

“As jurisdictions increasingly go their own way on regulations it’s going to become increasingly difficult to remain compliant unless the industry comes together to agree on a common baseline for due diligence.”

Bianca Knight, General Manager, Commercial Claims, Pacific Basin 

The Fragmentation Problem

See key insights from the report.

An infographic titled "Prepared Ports," showcasing statistics with circular diagrams and cargo ship imagery.
An infographic titled "Prepared Ports," showcasing statistics with circular diagrams and cargo ship imagery.
An infographic titled "Prepared Ports," showcasing statistics with circular diagrams and cargo ship imagery.
An infographic titled "Prepared Ports," showcasing statistics with circular diagrams and cargo ship imagery.

Learn more about how Marcura can help you scale due diligence across all of your counterparties without adding to your headcount

Open magazines with a ship image and a book titled "Navigating New Financial Realities" on a surface.
Open magazines with a ship image and a book titled "Navigating New Financial Realities" on a surface.

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Why Maritime Compliance is Fragmenting and What Comes Next.
Open magazines with a ship image and a book titled "Navigating New Financial Realities" on a surface.
Open magazines with a ship image and a book titled "Navigating New Financial Realities" on a surface.

A closer look at Marcura Compliance

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