Introduction

Amid war in the Middle East, intensifying geopolitical tensions, tariff volatility and rapidly shifting trade lanes, Singapore has stood out as the world’s most trusted transshipment hub and a reliable barometer for global maritime trade.

In an era defined by fragmentation and uncertainty, the city-state has leveraged its unique position to help multinationals derisk from over‑reliance on single markets, while providing a safe haven for companies seeking balance between the political priorities of East and West. With risks to shipping intensifying on multiple fronts, and global trade threatened, what impact will this have on the maritime sector in Singapore and elsewhere in Asia?

Against this uncertain backdrop, Lloyd’s List Intelligence is proud to host its flagship Outlook Forum, sponsored by Lloyd's Register in Singapore on April 22, 2026, at Singapore Maritime Week. The event will bring together senior shipping leaders and experts to examine the profound transformation sweeping through the maritime industry from an Asia‑centric perspective, from navigating Western sanctions and strengthening global trade networks to accelerating decarbonisation and managing heightened security risks.




Session 1: Steering through turbulence: Managing security, trade disruptions, and operational risk in a fragmented maritime world

Against a backdrop of war, geopolitical tension, shifting trade lanes, and tariff uncertainty, maritime risk has never been more complex. This panel brings together shipping leaders and Lloyd’s List Intelligence experts to examine the evolving risk landscape shaping core shipping markets. The discussion will provide key insights for maritime leaders seeking resilience and clarity in an increasingly unstable global environment.

  • How has war in the Middle East affected the Asian shipping outlook?
  • What are the most significant risk factors affecting core shipping segments today?
  • How are US tariffs and emerging port fees reshaping trade flows into and across Asia?
  • What does the recalibration of global trade - driven by geopolitics, regional rivalry, and supply-chain rerouting - mean for maritime operators?
  • Which opportunities are emerging for Asian investors in a fragmented global market?
  • What will be the dominant fuel for newbuilding over the coming decades - and how will Asian yards and owners influence that trajectory?

Session 2: Sanctions, compliance and the Asia advantage

As sanctions regimes intensify and regulators raise expectations for transparency, Asia has become a critical vantage point for navigating compliance. This panel explores the unique risks and opportunities emerging across the region as companies work to derisk supply chains, protect access to Western markets, and maintain operational integrity.

  • How can Asian businesses strengthen compliance frameworks and mitigate exposure to high-risk actors and opaque trading networks?
  • How are Western sanctions and geopolitics reshaping maritime trade patterns across Asia?
  • How is the “shadow fleet” evolving, and have we reached its peak?
  • What new tactics are bad actors using to mask vessel movements, beneficial ownership, and sanction evasion activities?


Register today to secure your seat. 


Agenda

08:00 am Registration starts
08:00 am — 08:45 am Breakfast & networking
08:50 am Welcome Address
by Waqas Samad, CEO, Lloyd’s List Intelligence
09:00 am Keynote session  
09:15 am Session 1: Steering Through Turbulence – Managing Security, Trade Disruptions and Operational Risk in a Fragmented Maritime World

Panel Discussion

This panel brings together shipping leaders and maritime intelligence experts to examine how geopolitical tensions, conflict in key shipping corridors, tariffs and supply chain disruption are shaping the operational risk landscape for maritime operators.

Topics include:
  • Impact of Middle East conflict and geopolitical tensions on Asian shipping markets
  • How tariffs, port fees and policy shifts are influencing global trade flows
  • Operational risks facing shipowners and maritime operators in a fragmented trade environment
  • Investment opportunities emerging for Asian shipping and maritime finance
  • Decarbonisation pressures and fuel choices shaping future fleet investment
Q&A
10:20 am Coffee break
10:50 am Session 2: Sanctions, Compliance and the Asia Advantage

Panel Discussion

As sanctions regimes intensify and regulators demand greater transparency, maritime compliance has become a critical operational priority. This session examines the evolving sanctions environment and how companies can strengthen compliance frameworks across complex maritime supply chains.

Topics include:
  • How sanctions and geopolitics are reshaping maritime trade patterns across Asia
  • Strengthening compliance frameworks to mitigate exposure to high-risk counterparties and opaque ownership structures
  • The evolution of the shadow fleet and sanction evasion networks
  • Detecting illicit shipping activity through vessel intelligence and behavioural analysis
  • Protecting market access while maintaining operational integrity
Q&A
11:50 am Closing remarks
12:00 pm Lunch and Networking
02:00 pm Event closes

Register your interest 

Speakers

Waqas Samad
CEO, Lloyd’s List Intelligence

Waqas Samad is Chief Executive Officer of Lloyd’s List Intelligence, where he is leading the company’s global expansion and innovation agenda as the maritime sector undergoes rapid transformation. He brings over three decades of international experience at the intersection of finance, data and technology. Before joining Lloyd’s List Intelligence, Waqas held senior leadership roles at London Stock Exchange Group, including as CEO of FTSE Russell and a member of the Group’s Executive Committee, and previously served as CEO of Barclays Risk Analytics and Index Solutions.


Nick Brown
Chief Executive Officer, Lloyd's Register

Nick joined Lloyd’s Register in 1996 and was appointed CEO in January 2021.

In an extensive career with LR, he has worked as a ship surveyor in Bahrain, Dubai, Finland and Germany before moving to China to spend seven years leading LR’s activities in the country. He has since been Director for Business Development and Innovation, Marine Chief Operating Officer and Marine and Offshore Director.

His focus as CEO is to deliver Lloyd’s Register’s vision of ‘working together for a safe, sustainable and thriving ocean economy’, improving the performance, safety and sustainability of their clients’ businesses through LR’s trusted advice, insight and expertise.

Nick is a graduate of Nottingham University, a Chartered Mechanical Engineer and a Member of both the Institute of Mechanical Engineers and the Institute of Marine Engineering, Science and Technology.

Nick holds prominent roles in several key maritime organisations. He sits on the Supervisory Board of the UK Chamber of Shipping, the Advisory Council of the Global Maritime Forum, and the Maritime International Advisory Panel in Singapore. These positions highlight his significant influence and expertise in the global shipping and maritime industry.


Emma Li
Lead China Oil Market Analyst, Vortexa

Emma Li is a distinguished Lead Market Analyst at Vortexa, with a specialization in the dynamic China market. Emma’s expertise in inflow modeling and extensive network in the China market uniquely positions her as a leading authority in China’s oil market analysis.


Ken Soh
Founding CEO, Athena Dynamics

Ken Soh is the founding CEO of Athena Dynamics and Group CIO of BH Global Corporation, with over 30 years of experience in ICT and cybersecurity leadership. He led major digital transformation initiatives, including spinning off Athena Dynamics into a leading cybersecurity consulting firm serving government, enterprise, and critical infrastructure clients. Ken also served as Chair of the SGTech Cyber Security Chapter and co-chairs the Cyber Security Assurance Alliance with Singapore’s CSA. An avid thought leader, he has delivered 300+ industry talks and authored numerous papers and holds an MSc in Computer Studies (AI) and an MBA from NTU–UC Berkeley.


Kunho Park
Legal Director, Hill Dickinson

A dual-qualified lawyer in England & Wales and New York, he specialises in shipping law, advising clients across the maritime industry on disputes and transactions. His practice covers charterparty disputes, cargo claims, maritime casualties, vessel sale and purchase transactions, and ship finance.

He represents leading Asian shipowners, including HMM and Sinokor Merchant Marine, in complex maritime disputes and has experience in arbitration under London Maritime Arbitrators Association, Singapore Chamber of Maritime Arbitration, Singapore International Arbitration Centre, and International Chamber of Commerce, as well as litigation before the High Court of Justice.

Born in Seoul and having lived in Vienna, London, and Hong Kong, he brings a global perspective to his work and speaks English, German, and Korean.


Adam Kent
Managing Director, Maritime Strategies International

Adam joined MSI in 2002 and during his first decade helped develop and extended MSI’s valuations methodology and capability, providing certificated spot and forecast values, earnings and operating costs for merchant and offshore shipping. Adam remains actively involved in the fleet supply components of MSI’s tanker, containership and bulker subscription services and contributes to MSI’s consultancy and advisory project work.

He is regularly invited to speak at conferences and lecture on shipping courses over a wide range of topics. Adam graduated from the University of Bath, UK with a First Class B.Sc. Honours degree in Applied Biology and has a Ph.D. in Theoretical Population Ecology from the University of Southampton, UK. Adam is also a Principal Member of the Baltic Exchange and a member of the Baltic Exchange Expert Witness Association.


Captain Rajalingam Subramaniam
Chief Executive Officer, Fleet Management

Captain Rajalingam (“Raja”) Subramaniam serves as Chief Executive Officer of Fleet Management Limited, a role he assumed on January 1,2025.

Captain Raja oversees Fleet Management’s global operations, with overall responsibility for its 620+ ships under management and a workforce of 1,300+ employees and 27,000+ seafarers, as well as clients and partners.

Captain Raja brings a wealth of industry experience. He joins the company from MISC Group where he was President & Group CEO, reinforcing the Group’s position as a dominant force in the global shipping and offshore industry. He has served on a number of industry boards including as an Executive Committee member of the International Association of Independent Tanker Owners (INTERTANKO), a Board Member of GARD and Task Force Member of Shaping the Future of the International Chamber of Shipping (ICS).

Graduating from the Malaysian Maritime Academy, Captain Raja commenced his seafaring career as a third officer and progressed through the ranks to Master Mariner, before moving into shore-based roles. He holds a Post-Graduate MBA in addition to a Master’s Foreign Going Certificate from the Ministry of Transport Malaysia. He is a Member of INSEAD alumni and has attended several Executive Programmes in Finance and Management at INSEAD, Fontainebleau.

A strong advocate for sustainability and D&I initiatives in the maritime industry, he looks forward to collaborating with industry partners to advance our sustainability goals and progress in the company and wider sector.

Outside of work, Captain Raja enjoys hiking, jogging and outdoor sports. His adventures have included Kilimanjaro and Everest Base camp and exploring the hiking trails of Hong Kong.


Dr. Gaby Bornheim
Managing Director, Peter Döhle Schiffahrts-KG

Gaby Bornheim is the first women to hold the position of president of the VDR in the association’s 114-year history.

Bornheim is a lawyer with a doctorate in law. As a managing director, she has been jointly re-sponsible for successfully managing Peter Döhle Schiffahrts-KG, one of the largest German shipping companies, for many years.

Founded in 1956 and headquartered in Hamburg, the company has roughly 5,000 employees worldwide at sea and on land. A fleet of approxi-mately 500 vessels – including 400 container ships as well as bulk carriers and multi-purpose vessels – is under its commercial management, and 120 of these are also under its technical management.


Joe Kramek
President & CEO, World Shipping Council

Joe Kramek is President & CEO of the World Shipping Council (WSC), representing the global liner shipping industry. He joined WSC in 2021 and became CEO in August 2024.

Prior to joining WSC, Joe spent 28 years with the U.S. Coast Guard, serving at sea and later as Chief of Maritime, International, and Environmental Law, where he led the U.S. Delegation to the IMO Legal Committee, and as Chief of Congressional Affairs, where he led the Service’s engagement with the U.S. Congress.

Joe has been a Federal Executive Fellow at the Brookings Institution, holds law degrees from the University of Miami and George Washington University, and an undergraduate degree from the U.S. Coast Guard Academy.


Martina Bozadzhieva
Managing Director of Macro Forecasting and Analysis, Oxford Economics

Martina is Managing Director at Oxford's Macro and Investor Services team. She is responsible for the business performance, operations, and product development strategy of the firm's Macro & Investor Services offering. She also leads Oxford Economics' corporate advisory team, which supports C-suite executives in using economic insights to inform business strategies.

Martina has 15 years of experience working with C-suite executives, VPs of region, and global strategy leads to support international expansion and growth strategies and to help inform how the external economic and political environment affects their plans. She was most recently Chief Research Officer at corporate advisory and research firm FrontierView, where she supported senior executives with a global remit and oversaw all research and syndicated content at the company. Martina holds BA and MA degrees from Georgetown University in Washington, DC.


Nathanael Lin
Deputy Head, Shipping & International Trade, Rajah & Tann Singapore LLP

Nathanael Lin is Deputy Head of the firm’s Shipping & International Trade practice group.

He regularly advises banks and commodity traders on sanctions, commodities disputes, trade finance disputes (with a particular focus on letters of credit litigation), trade finance documentation, and shipping matters. He has acted for court-appointed Judicial Managers and Liquidators in commodity fraud investigations, and has been appointed as expert witness on Singapore law in foreign arbitration.

Nathanael is regularly instructed by banks, traders, oil terminals, and underwriters, to advise on sanctions and export controls. As part of that practice, he has been appointed to advise clients on alleged sanctions breaches, filing representations and disclosure reports to the United Nations Panel of Experts on North Korea, OFAC, and local authorities. He also advises clients on vessel and cargo screening.

Nathanael has appeared at all levels of the Singapore courts, both as counsel and led by Senior Counsel. He has also handled arbitrations in Singapore, London, Hong Kong and Kuala Lumpur under the SIAC, LMAA, HKIAC, SCMA, FOSFA, and ICC Rules.

From 2017 – 2020, he was the Head of Group Legal & Sanctions Compliance at one of Southeast Asia’s largest vertically-integrated shipping, oil trading, bunkering and oil storage groups, where his responsibilities included managing the insurance portfolio of a fleet of more than 160 vessels, and making direct representations to the UN Security Council’s Panel of Experts regarding alleged sanctions breaches. From 2019 – 2020, he was a member of the Singapore War Risks Mutual Class Committee, the only war risks mutual insurer in Southeast Asia.

Apart from his native English, Nathanael is also conversant in Mandarin.

Nathanael was named as one of Singapore’s 70 most influential lawyers aged 40 and under by the Singapore Business Review in 2016. He is also the Membership Officer of the International Bar Association’s Maritime and Transport Law Committee, having previously served as its Southeast Asia Regional Representative.