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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



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

Ukraine crisis Red Sea Risk

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

Ukraine crisis Insurance

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

Ukraine crisis Risk and Compliance

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

Sanctions Ukraine crisis

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

Risk and Compliance Russian Federation

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

Ukraine crisis Sanctions

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

Ukraine crisis Roro

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

Ukraine crisis Dry Bulk

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

Ukraine crisis Containers

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

Ukraine crisis Red Sea Risk

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

Ukraine crisis Tankers and Gas

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

Ukraine crisis Insurance

WTW launches Markel-led Ukraine cargo insurance facility

Scheme to operate in partnership with Ukrainian insurer VUSO

Ukraine crisis Insurance

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

Ukraine crisis Dry Bulk

Ukrainian grain exports rebound as ship arrivals near pre-war levels

Fears rose over global food supply when the original Black Sea grain export corridor expired in July 2023. That threat has been averted. The number of bulker arrivals has surged and Ukraine has been able to maintain its exports

Ukraine crisis Dry Bulk

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
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