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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


Shipping warned of increasing risks as governments struggle to contain multiplied threats

War risk insurers are struggling to calculate exposure at any given moment in certain volatile areas

Insurance Political Risk and Trade

Sanctioned Russian ships unload in Italy

When Pola Pelagia berths it will be the second time a Russian sanctioned ship delivers cargo to Italy in a month. So far this year just over 50 Russia-flagged ships have called at EU ports

Sanctions Dry Bulk

The week in charts: Red Sea rerouting hits Med hubs | Novorossiysk-bound ships detour | Fresh flag of choice for Russia-calling dark fleet | ONE outlines growth plan

Red Sea crisis causes drop in eastern Mediterranean vessel calls heightened drone threat prompts Black Sea diversions, while Antigua and Barbuda become the latest flag of choice for Russia-bound dark fleet tankers

Week in Charts Red Sea Risk

Reinsurer cold feet hindering Black Sea war risk cover, conference told

No war risk pollution claims in Red Sea to date, but ‘one of those vessels is going to get hit and it’s going to make a mess,’ argues Lockton VP

Ukraine crisis Insurance

Novorossiysk-bound ships detouring amid heightened drone threat

A document circulated on social media suggests ships are being instructed to alter course after a general cargoship spotted a naval drone in the Black Sea earlier this month; however, the exact reason why others are anchoring mid-route is not clear

Ukraine crisis Piracy and Security

The Lloyd’s List Podcast: How long can Ukraine keep its grain corridor open?

Ukraine’s Black Sea corridor is an undeniable success. Ships are sailing into and out of Ukraine outside of an international agreement and most importantly without direct Russian interference. It is a critical route for grain export and many countries besides Ukraine have a vested interest in its continued operation. Ukraine says the military is key to the corridor functioning. This week we discuss how true this is, and whether or not a lack of military aid could really result in the route’s closure

Lloyd's List The Shipping Podcast Ukraine crisis

Black Sea shipping hit by rising Russian GPS jamming

Hundreds of vessels are appearing in Moscow airport, as Russia doubles down on interfering with GPS signals to disrupt Ukrainian offensive operations

Ukraine crisis Safety

Red Sea war risk rates unmoved by Rubymar sinking

Bulk carrier sinking is first total loss caused by Houthi attacks but ‘if anything, the market is starting to flex downwards’, says underwriter

Red Sea Risk Ukraine crisis

Shipping faces new reality: wars, protectionism, and threats to freedom of navigation

Rough seas ahead for shipping as world approaches ‘global danger’ not seen in decades, forum hears

Red Sea Risk Political Risk and Trade

The week in charts: Alternative-fuel newbuilding orders decline | Red Sea crisis pains Piraeus | War halves Ukraine’s maritime trade | Container rates slide

A slowdown in liner alt-fuel orders has led to commodity carriers making up the greater share of newbuilding orders in recent months, while Piraeus feels the pain of Red Sea disruption and Ukraine’s maritime trade is halved

Week in Charts Red Sea Risk

Heightened security threat accepted norm for Ukraine’s Black Sea traders

A security threat is always present given the war, but those that ply the Black Sea route to and from Ukraine have learnt after two years of conflict that you have to accept certain risk and it’s best not to stress over things you can’t control

Ukraine crisis Political and Trade

War halves Ukraine’s maritime trade

A corridor established by Ukraine’s armed forces enables vessels to move freely to and from some of the country’s seaports, but maritime trade remains a fraction of what it once was as other key ports remain closed or under occupation

Ukraine crisis Containers

Russia’s Sea of Azov trade reconfigures over fear of Ukrainian assault

Ukraine’s armed forces have successfully destroyed and damaged several critical Russian assets in the Black Sea, such as sinking the warship Caesar Kunikov on February 14

Ukraine crisis Dry Bulk

LMA updates Russian oil price cap clauses

The revised clauses take into account new measures being brought in to prevent the circumvention of the price cap

Tankers and Gas Lloyds

Ukraine Black Sea corridor exports hit 20m tonnes

Ukraine’s self-managed corridor enabled exports of 20m tonnes on 661 vessels to 32 countries, with agricultural product shipments forming more than two thirds of the total

Ukraine crisis Dry Bulk

Prominent shipbroker says ‘everybody knows’ how to sell tankers to fund Russia’s war and get away with it

Affinity managing director Richard Fulford-Smith says his industry is complicit in facilitating Russian oil trades that deliver $225bn in profit to fund Putin’s war on Ukraine

Sanctions Ukraine crisis
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