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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

 

Latest News & Analysis

Shadow fleet is no longer simply a sanctions evasion problem

European governments need to act faster to counter hybrid threats and prevent damage to infrastructure, Polish representatives tell Posidonia

Sanctions Ukraine crisis

Turkish cargoship hit by drone, injuring two crew

The Vanuatu-flagged vessel was travelling to Odesa from Türkiye when it was struck by the drone late on Thursday

Ukraine crisis Casualty

Russian security service finds mines on LPG carrier

The Russian security service said the mines were discovered during an underwater inspection of the gas carrier at Ust-Luga

Ukraine crisis Tankers and Gas
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Russia scores more Hormuz upside with yet another US sanctions pass

As the Hormuz crisis drags on, the US has issued a third sanctions waiver on Russian oil exports. The main beneficiaries: Russian exporters, Chinese and Indian importers, and the shadow fleet operators carrying Russian crude

Tankers and Gas Russian Federation

Sweden makes further shadow fleet arrest and Norway joins Baltic strategy group

Tanker was first boarded by the Swedish coastguard in March 2026 after it was suspected the vessel was falsely flagged

Tankers and Gas Risk and Compliance

Lloyd’s mulls major shake-up of war risk wordings

Independent panel could rule on whether military clashes constitute war for insurance payout purposes

Strait of Hormuz crisis Ukraine crisis

VOYWAR 1993 gives charterers ‘implied obligation’ to nominate alternative discharge port

LMAA award has implications for Hormuz crisis, NorthStandard warns

Law Insurance

Sweden turns up heat on shadow fleet

‘We protect our waters,’ says Swedish Prime Minister Ulf Kristersson after multiple boardings in recent months

Sanctions Ukraine crisis

Novorossiysk drone attack hits tanker

The vessel’s master was injured in the attack, in the latest of a wave of drone exchanges between Russia and Ukraine targeting each other’s port infrastructure

Ukraine crisis Casualty

Russia hits Ukrainian port of Izmail

No casualties were reported by Ukrainian authorities, but infrastructure at the port was hit in the drone attack 

Ukraine crisis Tankers and Gas

Ukraine continues investigation into master of arrested vessel

Ukraine’s security service said the master entered Kerch on a sanctioned tanker in 2024 and exported grain through occupied Crimea in January 2021

Sanctions Ukraine crisis

Odesa ports hit during overnight drone attack

Russian drone strikes late on Wednesday damaged port infrastructure across Ukraine’s Odesa region, hitting warehouses, storage sites and residential areas, and sparking fires in containers and vehicles

Ukraine crisis Ports and Logistics
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