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
Türkiye lists ‘respectable P&I clubs’ for Turkish Straits transits
List includes all International Group affiliates and best-known fixed premium outfits
Odesa grain terminal searched after tax evasion allegations
Development comes after former owners ruled in contempt of court
Ingosstrakh says US sanctions on marine insurer undermine maritime safety
Two of Russia’s main providers of marine insurance for shipping Russian oil are now under US and UK sanctions
First signs of post-sanctions stranded Russia oil cargoes emerge at Chinese ports
With more than half of Russian crude last month shipped on tankers now sanctioned, oil producers are expected to recalibrate seaborne logistics and consolidate cargoes onto larger tankers that are able to call at ports in China and India, the biggest buyers
Crimean callers flock to Egypt after pause on Syria business
Syria was one of a handful of willing buyers of wheat shipped from the sanctioned ports of the occupied territories, but Russia’s uncertain relationship with the new regime has forced sellers to turn to other markets
Marine and energy, and war risk rates to ease further in 2025, Howden predicts
Oversupply said to have prevailed at 1/1 renewals
Lawyer for cable-cutting tanker Eagle S applies to Finland court to overturn seizure order
Police investigating aggravated criminal mischief found drag marks for dozens of kilometres where the anchor of the Cook Islands-flagged tanker damaged the Estlink 2 underwater electricity cable on Christmas Day
Finland police seize Russian-linked dark fleet tanker Eagle S in cable-cutting investigation
Cook Islands tanker suspected of damaging Estlink 2 cable and possible other damage by police investigating aggravated vandalism on the undersea infrastructure
Crimea to Syria route closed after Assad regime falls
Russia may have suspended wheat shipments, but satellite and vessel-tracking data shows the Syrian ports are open and vessels are waiting to discharge
Ukraine ‘outraged’ at Yemen grain shipment from occupied Crimea
Russian efforts to expand trading out of occupied territories continues to see ships deliver grain to Yemen, via a UN Verification and Inspection Mechanism, sparking ‘outrage’ from Ukraine’s Ministry of Foreign Affairs
Russia manipulating all navigational data in Kerch Strait area
Disruption is so severe that no vessels operating in the immediate area are transmitting reliable information for weeks at a time
Managing geopolitical risk in unprecedented times
From conflicts in Ukraine and the Middle East to emerging threats from China and the US, few underwriters have faced a geopolitical landscape as dynamic as it is now
Russian tanker struck by suspected naval drone trades again
The vessel is not on its usual route, instead sailing the Don river and signalling Astrakhan as its destination
Poland to build new grain terminal at Gdansk
An influx of grain from Ukraine has prompted the Polish government to build a terminal owned by the state at the Baltic port
81 Ukraine dockworkers
Grain exports are not only a critical support for Ukraine’s economy, but are also vital for global food security
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