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 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.
Ongoing supply chain disruption is set to be compounded by crew change complications arising from the war in Ukraine, according to the International Chamber of Shipping (ICS).
The Russian invasion of the Ukraine has put pressure on maritime and energy companies suspend business with Russia even if not required to under sanctions.
Some 21 Filipino seafarers stranded on bulker S-Breeze in the Ukraine arrived home on Tuesday and crew for five more vessels were set to be repatriated.