
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

The Ukraine effect podcast: The rise of the dark fleet
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

Shipowners ‘forgot’ how war risk insurance works
Industry memories of Iran-Iraq conflict faded, and cancellation of standard policies and hefty additional premiums came as an unpleasant shock

Ukraine grain deal extended for second time
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

Questions over grain deal’s extension as deadline approaches
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

Russia’s bulk exports to Europe drop 60%
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

No evidence of price cap violations, says US official
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

UN chief calls for Black Sea grain deal extension
Russia and Ukraine have lobbied for changes to the Black Sea Grain Initiative since the first renewal round in November

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

Calls for tougher flag state enforcement of ship-to-ship transfers for sanctioned oil
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

Greek shipowners dominate Russian price-cap-compliant oil cargoes over February
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

Sanction risks fail to stop carriers’ gold rush in Russian trade
Geneva-based MSC has the biggest presence in Russian trade in capacity terms, followed by Russian domestic carrier Fesco, according to research firm Linerlytica

Black Sea grain initiative monitor resumes operational updates
The new updates have been amended to include information on fertiliser exports, but omit other details

Insurance details on sanctioned Russian tankers remain unclear
‘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

EU sanctions Russian tankers, re-insurance and ice breakers
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 establishes $500m marine insurance fund
Ukraine deputy prime minister announces the creation of a new $500m insurance fund offering compensation for possible damages to civilian vessels entering its ports

Rotterdam’s LNG imports up 64% as Europe seeks Russian gas substitute
Port of Rotterdam handled 467.4m tonnes of cargo last year, which was a slight decline from 2021
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