The Ukraine effect: Lasting upheaval for shipping markets
A special Lloyd’s List Podcast series examining how the situation in Ukraine has had a lasting impact on different aspects of the shipping industry
Chapter 3: Russia’s invasion of Ukraine has had a profound impact on global trade, but the longer-term implications are only just starting become apparent. Niels Rasmussen, chief shipping analyst at BIMCO, and Peter Sands, chief analyst at Xeneta offer a view on the lasting impact that the conflict in Ukraine will have across the core shipping markets
THE shipping industry has had to adapt rapidly since Vladimir Putin ordered his tanks across the Ukrainian frontier.
Entire trade lanes have been rerouted, the most extensive set of sanctions in living memory has been hastily constructed and a super-charged “dark fleet” of opaque operations has sprung up, forcing shipping to navigate an increasingly complex risk-and-compliance landscape.
In this special podcast series, Lloyd’s List’s editorial team are joined by a cast of industry experts as they examine the lasting implications of the conflict in Ukraine for shipping.
You can listen to the full podcast on demand via the link in the banner below:
This third edition examines the impact of war on the international shipping markets.
After three years of pandemic shutdowns, reopening booms, war, clogged supply chains and nascent inflation, it is hard to remember what a normal market looked like, if ever such a thing has ever existed.
But Russia’s invasion of Ukraine has had a profound impact on global trade. As we recorded this special edition of the podcast economic growth forecasts for 2023 were once again being revised downwards, partly because of high interest rates and inflation in many economies, but much of the current global macro picture stems directly from the negative global economic spill overs from the conflict in Ukraine.
But the war has also acted as a powerful catalyst for a rapid and often chaotic shift in oil flows, sending tanker rates, and tonne-miles, soaring to previously unseen levels.
This edition of the podcast features:
Niels Rasmussen, chief shipping analyst at BIMCO, offers a view on the overall impact that the war in Ukraine has had on the shipping markets.
Peter Sands, chief analyst at Xeneta, talks about the knock-on impact that the war has had on container trades.
For a live in-depth discussion on risk-and-compliance, and how to navigate through evolving sanctions risk, please join us on April 20 for our next webinar featuring market leading experts and the Lloyd's List Intelligence analysts. For more details and to register, follow the link below: