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We exclusively use data from government, customs, or government-affiliated websites to maintain reliability and public integrity. In addition, we engage directly with industry experts to gather real-time, firsthand information. Each data point is collected, verified, and aggregated following established ethical standards, ensuring that our research processes meet the rigor recommended by ESOMAR. - Transparency and Accuracy:
All data are published promptly as they become available from the source, ensuring that our insights remain current and reflective of on-ground market dynamics. We actively seek and incorporate regular feedback from industry experts, which allows us to make real-time adjustments and continuously improve the accuracy and reliability of our data. - Ethical Data Usage and Third-Party Material:
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Global shipping responded smartly to a full-scale invasion of Ukraine by Russia as ships sailed to safer waters
Posted on March 7, 2022 |
- Russian forces have arrived in the capital Kyiv, and Ukrainian ports such as Odesa, Kherson, and Mariupol are under heavy bombardment.
- Russia’s attacks are attempting to build a land bridge from Russia to Crimea north of the Sea of Azov, an area Russia closed off to merchant shipping yesterday due to which Ukrainian ports have ceased operations and liner operators have informed clients that services to Ukraine have been put on hold.
- As the situation evolves a high degree of uncertainty about the freedom of navigation throughout the wider Black Sea remains because operating beyond the key risk area is a danger to the safety of the crew.
- The US Department of Transport revealed vessels may experience GPS interference, AIS spoofing, and/or other communications jamming when navigating in the Black Sea and the Sea of Azov.
- US revealed a swathe of added sanctions and other economic actions on Russian entities which include new debt restrictions on Sovcomflot, the nation’s top shipping line.
- Tanker rates went up massively, with the Aframax TD17 route from the Baltic to UK/continent rising from $108,155 to $121,741 in one day, the first time in history a ship segment raised more than $100,000 in one day has jumped.