The overall impact to dry bulk shipping is a slight drop in tonne-miles, which fall sharply for global corn trades, but this is partly offset by gains for wheat and soyabeans, according to a shipbroking research analyst
The shift of countries’ focus ‘from efficiency onto justice’ is providing shipping companies and investors with a once-in-decades opportunity. But big risks, including the geopolitical wild cards, could easily derail the rosy prospects
Lloyd's List Intelligence casualty report analysis reveals that war loss and damages casualties are now at a 30-year high
Longer-haul trade likely to continue as the West shuns Russian oil, but headwinds such as a dip in the global economy will remain a risk factor
Sovcomflot is negotiating the sales of dozens of its vessels to multiple Chinese and Middle Eastern buyers before sanctions deadlines kick in, but sales are also now taking place via Western banks allowing legitimate sales to many of the shipping industry’s largest shipowners to go through with no sanctions restrictions
Despite having to shutter one of its facilities HHLA’s earnings rose during the first three months. Higher storage fees at Hamburg and Tallinn boosted the bottom line
There is no risk of a new armada of cargo similar to that which followed the Suez blockage. But supply chains are still facing difficult times
The war in Ukraine has led to a recalibration of product tanker trade flows that are longer-haul, which is likely to last for years rather than months, according to Torm managing director Jacob Meldgaard
While the total east coast South American exports of wheat, corn and soyabeans in July to September are estimated to gain by 12m tonnes versus the same period last year, Black Sea wheat, barley and corn exports could dive by 17m tonnes, according to Danish grains consultancy BullPositions
More fires, increased incidence of general average, use of tanker and bulkers to carry boxes and owner decision to extend working lives of vessels all highlighted in annual safety study from leading underwriter
Cutting crude oil from Russia, which made up 4% of its total imports, appears less challenging for Japan. The country has already reduced its Russian crude imports by 45.4% in April compared with March, according to Lloyd’s List Intelligence data
Greece, Malta and Cyprus are all understood to have lobbied against a shipping ban proposed in the initial draft of the EU’s sixth round of sanctions. Negotiators argue that the final sanctions should be watertight so that non-EU states do not benefit
K Line and NYK Line report jumps in annual profit
The week in charts: Sovcomflot to sell a third of its fleet | Trade volatility adds to tanker rebound | Ukraine’s minor ports ramp up activity
Russia’s status as the world’s most-sanctioned nation creates headaches for shipowners, Sovcomflot looks to sell up to one third of its fleet, and the ports of Izmail and Reni helped triple outbound sailings from Ukraine
US Treasury issues list of 70 vessels owned by Russian shipowners, including TransMorFlot and JSC Northern Shipping Co
Seaborne trade out of Ukraine all but ground to a halt after the Russian invasion, but two ports bordering Romania have stepped up operations to keep goods flowing internationally
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