Government regulators are increasingly willing to listen and learn about the interplay between the insurance and shipping markets when drawing up sanctions, according to an expert.

Mike Salthouse, head of global claims at North P&I Club, has been in charge of leading sanctions negotiations for the International Group of P&I Clubs over recent years.

There have been howls of protests from the shipping and insurance industries, faced with a mountain of due diligence and compliance requirements over the latest round of sanctions on Russian oil.