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Russia – Ukraine Crisis: Impact on Global Shipping

Russian container market update: FESCO launches new service, COSCO and ZIM drop routes

Russian liner operator Far Eastern Shipping Company (FESCO) has launched a service connecting the Russian Far East with China and Vietnam, after the Israeli...

Russia-Ukraine war and weak currencies hit ship recycling

Ship demolition prices have been falling across the Indian sub-continent, as local currencies weaken against the US dollar. Despite the dearth of container ships and...

Blocked Ukrainian ports cause major congestion in the port of Constanta

After the beginning of the Russian-Ukrainian war on 24 February 2022, Ukrainian Black Sea ports were cut off from the world trade creating a...

Sinokor shows no anti-Russia stance

South Korean regional carrier Sinokor Merchant Marine is maintaining its Busan-Vladivostok liner service, bucking a trend of liner operators suspending services to Russia in...

Maersk ceases all operations in Russia and Belarus

Maersk has announced the closure of its operations in Russia and Belarus due to the ongoing war in Ukraine. The Danish company has already stopped...

President Biden bans Russian vessels from US ports

The president of the United States, Joe Biden has decided to ban all Russian-affiliated vessels from calling at the US ports, joining the European...

MABUX expects no drastic changes in global bunker market as war in Ukraine continues

Sharp multidirectional changes in bunker prices will continue, according to Sergey Ivanov, director at Marine Bunker Exchange (MABUX), who does not expect any drastic changes...

India resumes shipments to Russia

India has reportedly started shipment of goods to Russia again after two Russian banks have started facilitating payments in both Rupee-Ruble and Euro. Last week,...

ILO, IMO call for urgent action on stranded seafarers in Ukraine

The International Labour Organization (ILO) and the International Maritime Organization (IMO) call for urgent action to protect seafarers and vessels stranded in Ukrainian ports...

European Union’s ports ban Russian vessels

The European Commission (EC) has announced a ban on Russian vessels and Russian-operated ships from accessing European Union (EU) ports. EC said there will be...

Cargo ship sinks in Mariupol after Russian shelling

Ukrainian authorities have said that a general cargo ship is sinking in the port of Mariupol, Ukraine, after Russian forces shelled it earlier today...

UNCTAD: “Ukraine war cuts global growth prospects by 1%”

United Nations Conference on Trade and Development (UNCTAD) has warned that global economic growth will decrease to 2.6% from 3.6% for 2022 due to...

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High speed and compromised manoeuvring caused Milano Bridge accident

The container ship Milano Bridge had failed to slow down as it attempted to berth in Busan New Port on 6 April 2020, causing...

Singaporean state investment firm Temasek mum on PIL bailout

The Singapore government’s investment company Temasek Holdings is remaining tight-lipped on market talk that it may take a stake in embattled liner operator Pacific...

Chinese shipyards win giant container ship order

Chinese shipyards will build six 24,232TEU containerships, the largest in the world as of today, that the Bank of Communications Financial Leasing (Bocomm Leasing)...

MSC Rosa M damages Mumbai crane

The 14,000TEU MSC Rosa M has hit and seriously damaged a crane at the DP World terminal in Nhava Sheva, NSIGT in Mumbai, while...

Taking the personal view for crew working on container shipping

Philip Eastell – Founder of Container Shipping Supporting Seafarers – describes the personal side of container operations at a time when crew, affected by...