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Ukraine Crisis

Ukraine Crisis

The latest maritime and shipping news on how the conflict in Ukraine is affecting global shipping and markets.

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Update: Box lines suspend Russia bookings
Mar 01, 2022
Container lines including Maersk, MSC, CMA CGM, ONE and Hapag-Lloyd have suspended bookings to and from Russia as fallout from Russia’s invasion of Ukraine disrupts logistics chains.
Tanker at sunrise on Singapore anchorage
Tanker rates rocket on Ukraine conflict, outlook uncertain
Feb 28, 2022
Tanker rates on certain routes responded almost immediately to Russia’s three-pronged attack on Ukraine last Thursday. Freight rates for tankers set to load in both Baltic and Black Sea ports rocketed, with Baltic rates spiralling 240% within hours.
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Oil price shoots up as Russia invades Ukraine
Feb 24, 2022
Global sea trade suffered another major knock this morning as Russia’s invasion of Ukraine drove oil prices up by about 8%, something that will filter through to already sky high bunker prices.