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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

 

Mykolaiv port theoretically ready to join Black Sea Grain Initiative

Ukrainian officials have pushed for the inclusion of the port of Mykolaiv in the Black Sea Grain Initiative, but no announcement has been made to this effect. Some 26 merchant ships are thought to be stranded in the greater Odesa port

Ukraine Dry Bulk

Ukraine war risk reinsurance premiums set to increase

Basic hull and machinery rates are hardening. However, it is wrong to describe current situation as ‘hard market’ in the proper sense of the term, says Mike Ingham of Gallagher

International Ukraine

Greek tanker calls expose Russia’s looming post-sanctions tonnage shortfall

Russian tankers and dark-fleet vessels accounted for 44 out of 172 voyages monitored, revealing a serious shortfall of available tonnage after December 5 if shipments do not conform with an as-yet undecided oil price cap

International Russian Federation

Russia increases wheat shipments

Black Sea Grains Initiative, which was designed to allow safe navigation from three Ukrainian ports, has so far achieved its goal, says new UN coordinator 

Dry Bulk Ukraine crisis

Russian interference cuts Odesa ports capacity in half, says Ukrainian official

Black Sea Grain Initiative is not operating at maximum efficiency due to logistics bottleneck

Russian Federation Ukraine

Top 10 in marine insurance 2022

Marine insurance has been well to the fore in 2022, providing war risk cover for both ships and cargo carrying vitally needed grain from Ukraine to markets in the developing world, as well as day-in, day-out P&I and H&M policies

Top 100 People Insurance

DSME cancels last of three Novatek-linked LNG carriers

Contracts for two other vessels were cancelled in May and June

Asia Pacific South Korea

82 Andrew Wright, The Mission to Seafarers

Acknowledgement of seafarer missions in the Top 100 is long overdue, as pastoral care continues to provide seafarers and their families with invaluable support and assistance globally

Top 100 People People

Data corroborates reports of Novorossiysk drone attack on oil terminal

Reports reflect a major escalation in risk for shipowners calling at the Black Sea port that exports 40% of Russian crude

Russian Federation Dry Bulk

Aframax tanker freight rates hit 17-year high ahead of Russian oil bans

Freight costs for shipping crude to Europe from the US comprise 11% of the delivered crude price. This is up from 3% in February, data shows

International Tankers and Gas

UN co-ordinator of Black Sea grain initiative steps down

The first term of the grain corridor was overseen by Amir Abdulla. His deputy is acting as officer in charge while a replacement is found

Ukraine Dry Bulk

Grain corridor backlog creeps up

JCC inspections jumped during Russia’s brief suspension of participation but have since returned to lower levels

Dry Bulk Ukraine

US updates oil price cap guidance for shipping as bans on Russian crude draw close

Bans on Russian seaborne crude imports to Europe begin December 5 witih refined products banned from February 5

United States EU

Sufficient shadow tanker fleet capacity to ship sanctioned Russia crude exports

Fleet consists of more than 500 tankers over 34,000 dwt, defined owned by national fleets of Iran, Russia or Venezuela or anonymously owned and engaged in sanctioned trades

International Russian Federation

Cargo volumes out of Ukraine down more than 60% on past year

Outbound sailings from Ukraine to international markets from August to October are significantly down in terms of deadweight tonnage on the same period in the past year

Ukraine Dry Bulk
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