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Ukraine War

EU has frozen 13.8 bln euros of Russian assets over Ukraine war, official says

The European Union has so far frozen 13.8 billion euros ($13.83 billion) worth of assets held by Russian oligarchs, other individuals and entities sanctioned...

U.S., Japan agree to address Ukraine war-driven FX volatility, economic challenges

U.S. Treasury Secretary Janet Yellen and Japanese Finance Minister Shunichi Suzuki agreed on Tuesday to further strengthen bilateral ties and work together to address...

Longshoremen Turn Away Tanker Full of Russian Diesel at Amsterdam

A longshoremen's union in the Netherlands has refused to handle a cargo of Russian diesel fuel aboard a 75,000 dwt product tanker, leaving the...

Engineering firms lose business amidst Ukraine conflict

Engineering firms Wartsila and Alfa Laval have both missed large business opportunities by avoiding new business contracts in Russia since the conflict with Ukraine...

Ukraine says Russia stole several hundred thousand metric tons of grain

Russian forces have stolen “several hundred thousand tonnes” of grain in the areas of Ukraine they occupy, Ukraine’s deputy agriculture minister said on Saturday. Speaking...

How is the war in Ukraine affecting global trade and international supply chains?

The conflict in Ukraine has been the latest in a long list of ongoing cataclysmic events that continue to disrupt global trade and international...

ABS Suspends Class Services for Russian Vessels

The American Bureau of Shipping has joined the exodus of maritime companies leaving the Russian market, the class society said in a statement Monday...

Ukraine conflict impacts container volumes at Rotterdam Port

In Q1 2022, container volumes at the Port of Rotterdam fell 1.4 percent to 3.6 million TEU. Despite the fact that there were more...

Damen Shipyard halts delivery of ships built for Russia: ‘It was not a light decision’

Netherlands-based shipbuilder Damen has decided to stop deliveries of new vessels to clients in Russia due to the ongoing invasion of Ukraine.The firm told...

Gard shuts the door on sanctioned Sovcomflot as well

The world’s largest marine insurer ends its client relationship with Russian Sovcomflot after the carrier was put on the sanctions list. According to WPO’s...

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