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Russia – Ukraine Crisis: Impact on Global Shipping

Port of Duisburg ceases all business activity in Belarus

Port of Duisburg has announced the cessation of all business activity in Belarus with immediate effect due to the support of the Ukraine war...

Maersk sells its stake in Russian operator Global Ports due to Ukraine war

APM Terminals has decided to sell its shares in Russian port operator Global Ports due to Putin's invasion of Ukraine. This move follows Maersk Line's...

Concerns of “dark ships” evading Russian sanctions

One-third (33%) of UK shipping organisations have revealed that ships going dark is the biggest challenge in sanctions compliance, according to a research study...

IACS Council withdraws Russian Register’s membership of IACS

International Association of Classification Societies (IACS) Council has decided to withdraw the Russian Maritime Register of Shipping’s (RMRS) ongoing membership of IACS, due to...

India, Russia in search of alternative payment system, shipping access for trade

India being a Russian large trade partner is trying to continue bilateral export-import activities through alternative ways and means amid various types of sanctions...

Digging in the wrong place – Ukraine crisis distracts from bigger trends in seaborne LNG market

The Ukraine crisis has sent global gas prices sky rocketing, but there may be bigger forces at work in the seaborne LNG market. While...

Russia-Ukraine war heightens cybersecurity risks to shipping

Shipping lines are at risk of potential cyber attacks from Russia, as the latter’s invasion of Ukraine continues. The US Cybersecurity and Infrastructure Security Agency...

Bunker prices hit record high amid Russia’s invasion of Ukraine

The military conflict in Ukraine has pushed bunker prices to record levels during the tenth week of the year, with the 380 high-sulphur fuel...

Russia bound containers make stockpile in Chittagong depots

Boxes and cargoes have started stockpiling in Chittagong depots and factory premises in Bangladesh as major shipping lines have stopped to send them towards...

Marine fuel prices climb as Russia-Ukraine conflict escalates

Bunker fuel prices have risen significantly over the ninth week of the year as the Russia-Ukraine conflict intensifies, making the market highly volatile. Particularly, the...

Russia-Ukraine conflict could affect Rotterdam’s exports

The conflict in Ukraine has prompted the European Union (EU) and other bodies to impose a number of sanctions on Russia that currently have...

Russia-Ukraine crisis threatens to strain Indian container trade outlook

Albeit an early measure of the impact, there is an emerging view that disruptions from the ongoing Russia-Ukraine conflict will cut into the pace...

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