The Swedish Club has warned that geopolitical volatility is now a permanent feature of shipping. Managing director Thomas Nordberg said global tensions are reshaping routes, contracts and investment markets, shifting marine insurers towards more proactive risk advice.

“Sanctions, tariffs and military flashpoints are no longer rare events. They affect the movement of ships, the enforceability of contracts and even what insurers are legally permitted to support,” he said.

The Club noted that sanctions can restrict cover while tariffs and political disruption may force owners to reroute or renegotiate, creating operational strain through cargo exposure and delays. Its chief risk officer works with underwriters and legal teams to assess geopolitical scenarios and offer real-time guidance, including on contractual impacts.

“Our role is not just to provide insurance but to help members navigate risk. That means close dialogue and timely advice,” Nordberg added.

He also called for more cooperation between P&I clubs, stressing that disruption is a shared challenge.

Cyber threats are another concern, with The Swedish Club developing a leading product to meet demand. Nordberg said geopolitical events can quickly move markets, making adaptability essential.

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