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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

EU Russian Federation

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

Russian Federation Iran

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

Ukraine Dry Bulk

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

International EU

Cargoships damaged during attacks on port of Kherson

Two general cargoships were hit in Kherson during an attack 

Russian Federation Ukraine

Bangladesh foreign minister ‘surprised’ Russia used sanctioned vessel

Bangladesh officials are hoping Russia delivers equipment for a nuclear power plant using an unsanctioned vessel

Bangladesh India

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

Sanctions Russian Federation

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

Asia Pacific Tankers and Gas

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

Ukraine Dry Bulk

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

Europe Russian Federation

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

Lloyd's List The Shipping Podcast Ukraine crisis

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

Ukraine United States

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?

International Insurance

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

International Nordic American Tankers

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

International Tankers and Gas

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 

Ukraine Russian Federation
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