The world’s largest ship manager V.Group says it is in compliance with all current sanctions as pressure mounts on businesses to cease operations in Russia over the conflict in Ukraine.

Cosco Shipping Lines is reducing extra costs for cargo affected by current Ukraine situation for the entire supply chain.

The sanctions regime targeting Russia contains varying levels of limitations, deadlines and targets, according to lawyers at Reed Smith.

Wallenius Wilhelmsen has suspended all operations in Russia and Belarus in response to the invasion of the Ukraine.

Netherlands-based shipbuilder Damen has announced it decided to stop deliveries of new vessels to clients in Russia due to the ongoing invasion of Ukraine.

The State Border Guard Service of Ukraine has released video of seafarers being evacuated from vessels stranded in the Port of Yuzhnyi.

IMO has responded to calls for council meeting over ships and seafarers trapped in the Ukraine and wider Black Sea region.

A Bangladeshi bulker, Banglar Samriddih, has been hit by a missile while at anchor in the Ukrainian port of Olvia.

Container line Maersk has added reefers to its booking suspension for shipments to Russia.

European dependence on Russian oil and gas, and war-related sanctions that are becoming stricter by the day, are set to tighten energy supplies in many countries.