Tag: Ukraine

Since February, the EU has imposed sixth packages of sanctions against Russia, including targeted restrictive measures (individual sanctions), economic sanctions and diplomatic measures. The EU has also adopted sanctions against Belarus in response to its involvement in the invasion of Ukraine.

With the war in Ukraine and China’s zero-Covid policy, delays and prolonged supply bottlenecks are defining this year’s world trade outlook. Yes, demand is softer, notably from China but the backlog is such that supply chains will remain strained for the rest of the year, ING argues.

Ukrainian media published photos of a product tanker that was allegedly hit by cluster submunition and damaged, on June 1. 

Windward published a report focusing on dark activity and deceptive shipping, trade of sanctioned Russian crude oil, and trade flow in the Black Sea since the beginning of the Russia-Ukraine conflict.

Civil vessels may safely use the Azov Sea port of Mariupol in Ukraine as the danger from mines has been eliminated, the Russian defence ministry said on May 26.

The war in Ukraine has prompted the European Union and other bodies to impose a number of sanctions on Russia. The extensive import of energy (crude oil, oil products, LNG, coal) is not (yet) affected by sanctions, but the export and transhipment of containers in particular suffers from the uncertainty caused by the war and the sanctions, mentions the Port of Rotterdam authority.

The US will support Ukraine with crucial equipment in its war against Russia, as a huge cargo ship at the Belgian port of Antwerp got ready to set sail for Germany.

Canada is poised to send cargo ships to ports in Romania and neighbouring countries to help Ukraine get its wheat to Africa and the Middle East.

Noting the impact of the Russian invasion in Ukraine, and considering the decision taken by the thirty-fifth extraordinary session of the IMO Council, the member Authorities of the Black Sea MoU have agreed to consider the issue of repatriation of Ukrainian seafarers.

Marine insurer Allianz Global Corporate & Specialty SE (AGCS) issued the Safety & Shipping Review 2022, explaining that while the Covid-19 pandemic resulted in few direct claims for the marine insurance sector, the impact on the welfare of crews and the boom in shipping and port congestion, exacerbated by the Ukraine invasion, raises potential safety concerns.