Ukraine – Russia conflict could see 1.5m containers shipped by rail between Asia and Europe rerouted to ocean shipping driving up freight rates yet further, warns UNCTAD.
The announcement yesterday that North P&I and Standard Club have entered discussions on a proposed merger could prove to be the first of various moves to consolidate across the specialist mutual claims business.
The International Maritime Organization (IMO) has called for the setting up of a safe corridor for the safe evacuation of seafarers and ships stranded by the invasion of Ukraine.
Nobody, I am willing to wager, would have suggested to the crews of ships bound for Ukrainian ports last month that they might have been putting their lives on the line, or finding themselves in harm’s way.