The Russian invasion of Ukraine is stifling the trade and logistics of Ukraine and the Black Sea region, increasing global vessel demand and the cost of shipping around the world.
In a report entitled “Maritime trade disrupted: The war in Ukraine and its effects on maritime trade logistics” published June 28, the UN’s trade and development agency, UNCTAD, says that Ukraine’s trading partners now have to turn to other countries for the commodities they import.
It attributes the shipping and...