
Ukraine Crisis
As events in Ukraine unfold at a rapid pace and sanctions on Russia start to bite, Lloyd's List offers the best insight, analysis and commentary on how the crisis is impacting shipping markets

EU sanctions have yet to sever Russia’s sinews of war
It will be some time yet before we can know the consequences for certain. Whatever they are, there is little alternative to living with them

How tankers sold in the red-hot tanker sale and purchase market are supercharging dark fleet oil trades
The demand for elderly tankers for sanctioned Russia-based, Venezuela-based and Iran-based oil trades has lifted secondhand prices by as much as 50% across some segments over the past six months and expanded the fleet of vessels operating in the dark fleet to more than 320

Ukraine grain corridor departures fall to four-month low
Demand for travel under the initiative has increased, but daily inspections have not grown at a level needed to meet this demand. This has created a logistics bottleneck

Greek-owned ships load last oil from Russia over January
Dark-fleet tankers ship one third of Russian oil, with at least six newly sold elderly tankers lifting crude from the federation for the first time over the past month

Cargoships damaged during attacks on port of Kherson
Two general cargoships were hit in Kherson during an attack

Bangladesh foreign minister ‘surprised’ Russia used sanctioned vessel
Bangladesh officials are hoping Russia delivers equipment for a nuclear power plant using an unsanctioned vessel

Sanctioned Russian ship departs Indian waters after failing to unload cargo
Vessel unable to unload cargo for the Rooppur nuclear power plant in Bangladesh due to US sanctions

Nanjing Tanker sees nearly 400% rise in full-year profit on trade dislocations
Company says it has benefited from impact of the conflict in Ukraine on shipping markets

Over half of all Ukraine’s exported cargo moved by sea
Ukraine attributed the normalisation of trade logistics in part to the implementation of the Black Sea Grain Initiative and increase of cargo transhipment in the Danube ports

Sanctions have impact on Russia’s largest box terminal operator
Movement of volumes to Russia’s far east ports fails to stem the tide. Box volumes fall by over half in final quarter of 2022

The Lloyd’s List Podcast: Can the Ukraine grain corridor survive 2023?
The Black Sea Grain Initiative is inherently flawed and it doesn't take a stretch of the imagination to think it could fall apart at a moment's notice. But even with its limitations and drawbacks it is a success diplomatically and economically. This week’s podcast examines whether that will be enough to sustain it through the turmoil that lies ahead

US faces call to drop tariff barriers on Ukrainian steel
The mining and metal industry of Ukraine provided about 10% of GDP and 33% of exports before Russia’s invasion, data shows

P&I clubs prepare for renewal round
After a year in which North agreed to merge with Standard and some clubs found themselves inadvertently covering sanctioned Russia cargoes, what will the new policy year bring?

Nordic American Tankers chief ‘highly optimistic’ about outlook
Company stands to profit from low orderbook and geopolitical uncertainties and is ‘highly optimistic’ about the future, according to chief executive

Recalibrating global diesel trades keeps clean tanker rates near 20-month highs
Europe stepping up diesel shipments from Middle East Gulf and India ahead of February 5 ban on Russian imports

Russian vessel makes first traceable call to Mariupol since invasion
Operations at the port of Mariupol are thought to have started at the end of May, but this is the first journey that can be confirmed with AIS data
You must sign in to use this functionality
Authentication.SignIn.HeadSignInHeader
Email Article
All set! This article has been sent to my@email.address.
All fields are required. For multiple recipients, separate email addresses with a semicolon.
Please Note: Only individuals with an active subscription will be able to access the full article. All other readers will be directed to the abstract and would need to subscribe.