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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
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Ro-ro hit by Ukraine was carrying military equipment, says Kyiv
The General Staff of the Ukrainian armed forces said it hit the Russia-flagged vessel in the port of Kavkaz, which lies in the Kerch Strait separating the Crimean Peninsula from Russia
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Trump, Iran and Russia: The hypothetical geopolitical puzzle for tankers
With a second Trump term on the cards, a crackdown on Iranian exports could increase demand for VLCCs loading crude in other countries. Elsewhere in a Trump 2.0 landscape, any winding down of the Russia-Ukraine situation could be either positive or negative for tanker rates, says Jefferies analyst Omar Nokta
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UN-approved shipment of grain from Crimea to Yemen raises oversight concerns
A Russian-owned and flagged bulk carrier that has routinely berthed at occupied Crimea received UN approval to unload in the Houthi-controlled port of Saleef
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Black Sea war risk pricing drops sharply, but watch out for increased attacks over summer
Underwriters’ confidence boosted by enhanced Ukrainian command of waterways and state subsidies to reduce marine insurance premiums
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Russia hits Odesa: Two killed and vessel hit
Ukraine’s air force said the attack involved an Iskander-M ballistic missile, four Kh-59/Kh-69 missiles and 20 drones, 14 of which were shot down
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Ukraine seizes repeated Crimea caller in Danube operation
Cameroon-flagged vessel Usko Mfu had unloaded cargo in Sevastopol from Türkiye at the end of May and in early June
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Novorossiysk under fire as AIS jamming intensifies along coast
Vessels transiting the Black Sea continue to take strange routes and AIS jamming near the port has increased in recent weeks in a bid to counter Ukrainian attacks
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Ukraine issues 24 arrest warrants for vessels carrying ‘looted’ grain
The Ukrainian government has called on IMO member states to bring their flag administrations into line after accusing 24 vessels of shipping Ukrainian grain from occupied Crimea
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Ropax service relinks Ukraine with Central Asia
The service is the latest example of shipping returning to Ukraine, after MSC launched service to Odesa from Türkiye earlier this week
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Ukraine’s seaborne trade faces uncertain outlook
Ukraine has successfully reinstated it maritime trade, tonnage is available and shipowners are willing to sail the Black Sea. But questions remain about the availability of cargo and whether ports can cope with the realities of war
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Ukraine comes in from the cold
Ukraine’s ports have been severely damaged by Russian attacks. But with post-war European integration on the cards, steps are being taken to prepare them for the future
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Product tanker sector set for extended upcycle, says new d’Amico chief
Product tankers have benefited from the Ukraine-Russia war, Red Sea attacks, and Panama Canal restrictions. But even without those disruptions, underlying fundamentals are strong, maintains Carlos Balestra di Mottola, the new chief executive of d’Amico International Shipping
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Ukraine Black Sea strikes could further disrupt Russia’s refinery capacity
The extent of the damage caused to the Tuapse refinery is not yet clear, but operations had only restarted after the complex was shutdown by a drone strike hit in January
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Markel committed to Black Sea and Red Sea hull and cargo war markets
Philosophy is to act as lead wherever possible, director of marine confirms
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WTW launches Markel-led Ukraine cargo insurance facility
Scheme to operate in partnership with Ukrainian insurer VUSO
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From Crimea to Iran: two more ships join Russia’s grain-smuggling fleet
Following last year’s joint investigation with Lloyd’s List on Russia’s evolving tactics to export grain from occupied Ukraine, Bellingcat uncovers two more bulkers flying the Russian flag that have joined the grain-plundering fleet out of the Russia-occupied port of Sevastopol
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