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Russia – Ukraine Crisis: Impact on Global Shipping

Global trade needs better screening than ever as the US and EU target Russia

Shippers, operators and charterers urgently need to upgrade their compliance screening capabilities now the United States, the United Kingdom and the European Union are...

Canada closes its ports to Russian ships

In response to Russian President Putin’s invasion of Ukraine, the Government of Canada has decided to shut its ports to all Russian-owned or registered...

Asian countries cut container trade with Russia amid Ukraine invasion

Export-import trade between Russia and many countries in Asia has already been halted following Moscow’s last week’s invasion of Kyiv which raised severe concern...

UK bans Russian ships from its ports, container lines suspend operations in Russia, as Ukraine war intensifies

The container ship Vayega Maersk, deployed on the Rotterdam - St. Petersburg, Russia service, is said to have been denied entry to Rotterdam and...

Can LNG replace Russian gas in Europe?

European LNG imports reached a record high in January 2022 and could go a little higher if Russian pipeline gas supply falls, or even...

Marine fuel prices to rise amid tensions in Eastern Europe

Τhe Marine Bunker Exchange (MABUX) World Bunker Index changed sideways during the eighth week of the year with no noteworthy fluctuations, and it is...

Transport unions call for immediate ceasefire and withdrawal of Russian military from Ukraine

The International Transport Workers’ Federation (ITF) and the European Transport Workers’ Federation (ETF) call for an immediate ceasefire in hostilities, for the conflict to...

Why the West may sanction Russian shipping companies before it sanctions oil & gas

The outbreak of war in Eastern Ukraine has raised fears about the impact of further sanctions on global energy markets, coupled with the UK...

Ukrainian ports halt operations after Russia’s invasion

On the morning of 24 February, Russian forces are understood to have commenced operations within Ukraine, which is understood to have included blocking access...

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