Tag: Ukraine

According to International news, Ukraine will offer compensation for possible damages to civilian vessels entering its ports.

According to the Port of Rotterdam, the war in Ukraine led to unprecedented changes in goods flows last year. At 467.4 million tonnes, total throughput in Rotterdam was almost the same (-0.3%) as in 2021 (468.7 million tonnes) but the underlying figures show that there were major changes.

On Friday 24 February, one year has passed since Russia’s invasion of Ukraine. During that year, dry bulk exports from Ukraine have dropped 77.8% compared to the same period a year earlier, causing a decline in global dry bulk volumes, according to BIMCO.

Ukrainian seafarers have returned to international shipping thereby restoring balance in crew availability, reports Danica Crewing Specialists on the anniversary of the war in Ukraine which impacted crewing rotations and seafarer welfare on a huge scale.

A 'shadow fleet,' or 'dark fleet,' has continued transporting Russian oil despite sanctions, explains the World Economic Forum (WEF) in a recent article. The oil revenue it provides helps fund Russia's military aggression.

The International Chamber of Shipping (ICS) has issued a press statement,  informing that the whole shipping industry calls for the release of the more than 300 seafarers still strapped in the Ukranian ports since the onset of the war. 

Inspections of ships carrying Ukrainian grain and other food exports have fallen to half since their peak, leading to backlogs in vessels that are carrying supplies to developing nations.

A bomb hit a Turkish-owned ship off the coast of Odessa according to the Turkish General Directorate of Maritime Affairs. The vessel is now heading to Romania.

Ukraine's efforts to increase exports under the Black Sea Grain Initiative with Russia are currently focusing on securing faster inspections of ships rather than including more ports in the initiative.

Ship reinsurers have faced huge losses, leading the insurers of ships to cancel covering war risks in Russia, Belarus and Ukraine from January 1, 2023.