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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

 

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

Russian Federation Ukraine

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

Ukraine crisis Russian Federation

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

Sanctions Dry Bulk

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

Sanctions Tankers and Gas

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

Russian Federation Ukraine
FREE TO READ

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

Dry Bulk Russian Federation

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

International Russian Federation
FREE TO READ

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 

Russian Federation Tankers and Gas

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

Asia Pacific Containers

Black Sea grain initiative monitor resumes operational updates

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

Ukraine Russian Federation

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

International Russian Federation
FREE TO READ

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

Russian Federation EU
FREE TO READ

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

Ukraine Russian Federation

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

Netherlands Tankers and Gas

Cyprus calls on Brussels to deliver on industry support

New Cyprus-UK agreement is part of country’s ‘collaborative vision’ in shipping, says shipping deputy minister Vassilios Demetriades

EU Cyprus

Russia set to be ousted from IMO Council

States seeking to sideline Russia inside IMO have encouraged Liberia to bid for a spot on the ruling Council — a challenge that is likely to see Russia removed due to lack of support

Russian Federation Regulation
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