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Russia – Ukraine Crisis: Impact on Global Shipping

UNCTAD report: War in Ukraine pushes up shipping costs worldwide

The war in Ukraine has caused serious challenges to the trade and logistics of Ukraine and the Black Sea region, according to a new...

Varna set to handle increased Ukrainian cargo as Constanta overloads

Although there were no increases in the container volumes in Ukraine during the first quarter of 2022, there were more requests from Ukrainian freight...

Turkish ports major beneficiary in Black Sea amid war in Ukraine

The seaports in Turkey are found to be the major beneficiary of the ongoing Russia Ukraine war, according to Pavlenko Alyona's report in East...

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...

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Major container lines boost schedule reliability, MSC and Maersk top rankings

Maritime data analysis company Sea-Intelligence said in its last report that the schedule reliability figures increased during the second quarter of 2022. "The rapid increase...

Turkish earthquake-hit Iskenderun port shuts operation  

Several Turkish ports were hit hard by a devastating earthquake that measured 7.8 magnitudes on the Richter scale, with at least one port suspended...

Car carrier catches fire off Vietnam

A South Korean pure car and truck carrier caught fire while on its way to Vietnam. Vietnam’s Ministry of Transport stated that the 1999-built 6,000-car...

MSC expands Sentosa service

MSC announced the expansion of its current Sentosa service to connect major ports in China directly with India’s key ports of Mundra and Nhava...

COSCO launches new car transportation service through Piraeus port

Piraeus Port Authority (PPA) and COSCO Shipping Specialised Carriers jointly launched a new car shipment route and service in EMEA (Europe, the Middle East...