Chapter 1: Why Russia’s increasingly sophisticated sanctions evasion tactics present a lasting risk for the wider shipping industry. Featuring Lloyd’s List senior analyst Michelle Wiese Bockmann and HFW partner and sanctions expert Daniel Martin

Industry memories of Iran-Iraq conflict faded, and cancellation of standard policies and hefty additional premiums came as an unpleasant shock

There is agreement that the grain deal will continue in the short term, but Ukrainian and Russian government officials are giving mixed messages about whether the initiative will run for 60 or 120 days

While the agreement stipulates the deal will be extended at intervals of 120 days, Russia has reportedly proposed the deal be renewed for half that

Biggest percentage drop for bulk carriers arriving in Europe after leaving Russia was seen in Sweden, Portugal and Denmark, with noticeable drops in the Netherlands, Germany, France and Spain, data shows

Price cap on Russian energy exports said to be fulfilling its dual goals of hurting Moscow’s revenues while keeping global energy markets stable, according to US assistant treasury secretary

Russia and Ukraine have lobbied for changes to the Black Sea Grain Initiative since the first renewal round in November

EU sanctions on some bulk commodities, such as coal and steel, have failed to stop Russian exports to international markets

Submission asks flag states to regulate ship-to-ship transfers in international waters and for port authorities to inspect ships that turn off vessel-tracking transponders

Tankers, including some flagged with EU registries and insured by UK P&I clubs, underscore that a number of shipments are taking place using the cap’s attestation and compliance procedures 

Geneva-based MSC has the biggest presence in Russian trade in capacity terms, followed by Russian domestic carrier Fesco, according to research firm Linerlytica

The new updates have been amended to include information on fertiliser exports, but omit other details

‘In case of a pollution or navigation incident, one can wonder how damages will be recovered by any third parties claiming against Russian owners,’ says underwriter

The European Union’s 10th package of sanctions against Russia has detailed specific maritime targets. These include Sovcomflot’s Dubai-based management operation Sun Ship Management, as well as Russia’s main reinsurer of ships, and Atomflot, the company supporting Vladimir Putin’s Northern Sea Route ambitions

Ukraine deputy prime minister announces the creation of a new $500m insurance fund offering compensation for possible damages to civilian vessels entering its ports

Port of Rotterdam handled 467.4m tonnes of cargo last year, which was a slight decline from 2021