Ukraine is on a knife’s edge. Russian troops are amassed at its border. The U.S., EU and U.K. warn of severe consequences if Russia attacks, which the U.S. believes could happen at any moment. How could a Russian invasion impact ocean shipping?
Spiking fuel costs
The first potential consequence, which would affect all shipping segments, would be higher fuel costs. The price of marine bunker fuel follows the price of Brent crude.
“With the clear potential for an invasion of Ukraine, this would only...
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