Ukraine Crisis
As events in Ukraine unfold at a rapid pace and sanctions on Russia start to bite, Lloyd's List offers the best insight, analysis and commentary on how the crisis is impacting shipping markets
Ukraine seeks defence reinforcements from partners to protect Black Sea corridor
More than 5.6m tonnes has been exported under Ukraine’s self-managed route with analysts saying it is now more effective than the UN-brokered Black Sea Initiative
Türkiye, Romania and Bulgaria working to counter Black Sea mine threat
Five merchant vessels have been damaged by a sea mine or been in the vicinity at the time of an explosion since October
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UK-owned ship facilitates first international export from Russian occupied Mariupol
The reluctance of governments to target Russia’s grain trade with sanctions has enabled the expansion and growth of its operations
Marsh scheme could cut Ukraine war risk rates by as much as two-thirds
Move follows last week’s fatal missile attack on bulk carrier KMAX Ruler
The week in charts: Civilian vessel struck in Ukraine | Tanker asset values head upwards | Iran’s oil exports remain elevated
Average sailing distance per teu shows no pronounced downward trend, Torm boosts fleet with secondhand ships, and scrubber spreads widened in the fourth quarter
Ukraine’s Black Sea exports surpass 3m tonnes as industry condemns Russian attack
The first major incident since the corridor’s opening in August could spook shipowners, and highlights the challenges Ukraine faces in independently running this trade route
Seafarer killed in Russian missile strike on bulk carrier KMAX Ruler in port of Odesa
A pilot has been killed and two crew were injured after a Russian missile hit the Liberia-flagged bulk carrier KMAX Ruler in the Black Sea
Blacklisted Russian grain operator to establish dry cargo fleet
Russia needs a bigger fleet to sustain its plundering of Ukrainian grain
Russia ‘aims’ overnight attack at Odesa port
Warehouses, equipment and trucks loaded with grain were damaged in the Odesa area while five people were injured
Reward outweighs risk for owners trading into Ukraine’s Danube river ports
The promise of profits mean Ukraine’s smaller river ports will see sustained demand despite war-associated risks
US slaps sanctions on key player in Mariupol reopening
Roskapstroy is responsible for much of the activity happening at the occupied port of Mariupol, including restoration projects and running a trade lane that enables the export of Ukrainian commodities for Russian gain
US-sanctioned Crimea caller and accused grain plunderer renames
Blacklisted San Severus, formerly Finikia, changed its name after a dark port call in the eastern Mediterranean Sea. It has since returned to the Black Sea engaging in the same shipping practices
Ukraine’s seaborne exports top 2m tonnes
It is the first time during the war that Ukraine has operated and managed trade out of its Black Sea ports without formal support
Ukraine denies maritime corridor is closed
The maritime route continues to function under difficult military circumstances. Security analysts indicate the threat of sea mines to commercial shipping has not changed
Russian move to acquire seized Mariupol ships branded ‘plainly unlawful’
A government body has asked to formally transfer ownership of Smarta and Blue Star I that were seized by Russian separatists last year
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