62 million tons of the almost 470 million transhipment in the Port of Rotterdam is Russia-oriented, the port informed, noting that there could be bottlenecks and higher prices.
Via the port of Rotterdam, many energy carriers are imported from Russia. Broadly speaking, at present 20% of the coal comes from Russia, 20% of the oil products, 25% of the LNG and 30% of the crude oil.
It is uncertain what the developments in Ukraine will mean for these flows in the coming period. In principle, the supply can come from elsewhere, but because it concerns enormous amounts, it will very likely lead to bottlenecks and higher prices
said the Port.
Less than 10% of the Rotterdam container transport is linked to Russia. In addition, Russia exports products such as steel, copper, aluminium and nickel via Rotterdam.
ICS warns of supply chain disruption
ICS warned of potential supply chain disruption should the free movement of Ukrainian and Russian seafarers be affected.
According to the Seafarer Workforce Report, published in 2021 by BIMCO and ICS, 1.89 million seafarers are currently operating over 74,000 vessels in the global merchant fleet.
Of this total workforce, 198,123 (10.5%) of seafarers are Russian of which 71,652 are officers and 126,471 are ratings. Ukraine accounts for 76,442 (4%) of seafarers of which 47,058 are officers and 29,383 are ratings. Combined they represent 14.5% of the global workforce.
To maintain a flowing trade, ICS notes that seafarers must be able to join and disembark ships freely across the world.
