Russia-Ukraine tensions

Three major consequences of the Ukraine conflict

Three major consequences of the Ukraine conflict

Wednesday 9 March 2022 – Vol.13 Ed.10.3

Commentary: Reserves freeze sends shivers through Moscow

By Shahin Vallée in Berlin

Europe’s reluctance to agree Swift-based sanctions free from exclusions has brought a far stronger policy response: freezing the assets of Russia’s central bank. The private financial system is therefore not fully isolated from the global payments system allowing at least energy-related transactions to be settled, but the...

https://allaboutshipping.co.uk/2022/03/09/three-major-consequences-of-the-ukraine-conflict/

IMO calls Extraordinary Council Session

IMO calls Extraordinary Council Session

The International Maritime Organization (IMO) will hold an Extraordinary Session of its Council to address the impacts on shipping and seafarers of the situation in the Black Sea and the Sea of Azov.

The Extraordinary Session (C ES 35) was convened following requests from several Council Members.  

 The Session will be held on 10 and 11 March in remote session.  

The IMO Council consists of 40 Member States, elected by the IMO Assembly. 

The post IMO calls...

https://allaboutshipping.co.uk/2022/03/04/imo-calls-extraordinary-council-session/

GLOBAL & REGIONAL MONTHLY (Thursday, 03 March 2022)

GLOBAL & REGIONAL MONTHLY (Thursday, 03 March 2022)

Although it is too early to assess the impact from the geopolitical tensions over Ukraine as the situation is very uncertain and still evolving, the global economy will be affected through a number of channels, primarily energy, via higher oil and gas prices. With respect to global monetary policy, investors appear to tilt to the view that, although high and potentially entrenched inflation is a factor of concern, downside risks to growth and...

https://allaboutshipping.co.uk/2022/03/03/global-regional-monthly-thursday-03-march-2022/

Anxiety rippling through financial markets as oil spikes over $110 a barrel over supply concerns

Anxiety rippling through financial markets as oil spikes over $110 a barrel over supply concerns

Susannah Streeter

2 March 2022 – Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown

”Anxiety is again rippling through global financial markets with the fear of stagflation taking hold, as the Ukraine conflict ratchets up inflationary pressures and threatens to derail global growth. The price of oil spiked at $110 a barrel early on Wednesday the highest level it’s been in...

https://allaboutshipping.co.uk/2022/03/02/anxiety-rippling-through-financial-markets-as-oil-spikes-over-110-a-barrel-over-supply-concerns/

MNWB calls for clarity on seafarers affected by Russian ship ban

MNWB calls for clarity on seafarers affected by Russian ship ban

Transport Secretary Grant Shapps MP must provide clarity on how seafarers will be affected by Russian ships being banned from entering UK ports – a leading maritime charity has urged.

It comes as Mr Shapps announced that he had written to all UK ports requesting that they deny access to any ship which they have reason to believe is:

• Owned, controlled, chartered, or operated by any person connected with Russia

• Owned, controlled,...

https://allaboutshipping.co.uk/2022/03/02/mnwb-calls-for-clarity-on-seafarers-affected-by-russian-ship-ban/

Further Dry losses whilst Wets enjoy a good time; Ukraine might cause a domino effect if situ doesn’t end here and now…

Further Dry losses whilst Wets enjoy a good time; Ukraine might cause a domino effect if situ doesn’t end here and now…

John Faraclas – picture by ecopack77

The BDI (Baltic Dry Index) lost 36 points since last Friday 25 February and now stands at 2,040. Dirties surge and Cleans follow …suit. Before the Ukrainian mess destabilises Planet Ocean, let’s give and immediate end at all costs. Long Covid is here to stay; CAUTION. John Faraclas’ daily brief recap:

The Capes’ BCI was down 74 points at 1,617…

https://allaboutshipping.co.uk/2022/02/28/further-dry-losses-whilst-wets-enjoy-a-good-time-ukraine-might-cause-a-domino-effect-if-situ-doesnt-end-here-and-now/

EU shipowners highlight importance of seafarers in Ukraine crisis

EU shipowners highlight importance of seafarers in Ukraine crisis

Philippos Philis, President of ECSA

ECSA urges regulators to guarantee seafarers’ mobility and their rights as essential workers.

European shipowners are following very closely the impacts of the events in Ukraine on the crews and the safe continuation of shipping operations.

The EU fleet relies heavily on Ukrainian and Russian seafarers, which make up a significant percentage of the current shipping workforce. Ukrainian and Russian...

https://allaboutshipping.co.uk/2022/02/28/eu-shipowners-highlight-importance-of-seafarers-in-ukraine-crisis/

The Panama ship registry issues recommendations for its vessels sailing in the waters of Ukraine and Russia, in the Black Sea and the Sea of Azov

The Panama ship registry issues recommendations for its vessels sailing in the waters of Ukraine and Russia, in the Black Sea and the Sea of Azov

The Panama Maritime Authority (AMP) through the Panama Ship Registry, published on February 24, 2022, the Merchant Marine Notice MMN 03/2022, which emphasizes that its ships must maintain maximum vigilance and increase security conditions on board, to protect both the seafarers on board and the ship, when they are sailing in Ukrainian and Russian...

https://allaboutshipping.co.uk/2022/02/28/the-panama-ship-registry-issues-recommendations-for-its-vessels-sailing-in-the-waters-of-ukraine-and-russia-in-the-black-sea-and-the-sea-of-azov/

World Sailing statement concerning the situation in Ukraine

World Sailing statement concerning the situation in Ukraine

World Sailing is very concerned about the situation in Ukraine and we are troubled about the safety of our friends in the Ukrainian sailing community.

Sport can be a force for good, bringing competitors from around the world together, united by the values of equality, inclusion, respect and fairness.

World Sailing joins many international sports organisations calling for an immediate end to all hostilities and a resumption of dialogue for...

https://allaboutshipping.co.uk/2022/02/28/world-sailing-statement-concerning-the-situation-in-ukraine/

Monaco: Difficult questions about local oligarchs

Monaco: Difficult questions about local oligarchs

Monaco
Good Morning Monaco

Monday, February 28, 2022

French press asks difficult questions on local oligarchs
Local French-language daily Monaco Matin has asked if Monaco will take action against oligarchs who have established themselves beyond Russia’s borders, following similar attempts by the US, Britain and… 

Monaco mobilises to help displaced Ukrainians
It has been the most terrible week in the history of Europe in more than 70 years, since the...

https://allaboutshipping.co.uk/2022/02/28/monaco-difficult-questions-about-local-oligarchs/

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