the conflict between Ukraine and Russia subverts the global shipping industry or will the shipping rate rise by two to three times?

the war between Ukraine and Russia is likely to disrupt the global shipping industry that is recovering from the new coronary pneumonia epidemic.

On the one hand, strict cargo inspections have caused great trouble to cargo shippers. Relevant inspections need to ensure that shippers have not violated EU and UK sanctions.

In addition, shipping companies have also ceased operations due to safety uncertainties in the relevant waters.

For example, a ship carrying crude oil or liquefied natural gas may be sanctioned a few days after sailing, which will lead to cargo stranded at sea and the company will have to bear the cost.

supply chain consultancy, said,sea freight rates may even rise two to three times from the current price of $10,000 per 40-foot container.

on the other hand, with the closure of the airspace, the situation will get worse.

air transportation is a key alternative to sea transportation.

because the European Union, Canada and the United States have closed their airspace to Russian airlines, this will prompt Russia to take retaliatory measures.

, Japan has always played an important role in the air transportation business from Asia to Europe and America, but some Japanese airlines have completely stopped cargo routes to Europe.

at the same time, the sanctions also affected the operation of the Trans-Siberian Railway, which is the passage for Chinese goods to Europe via Russia.

the impact of the conflict between Russia and Ukraine has further spread, the risk of fluctuations in ship entry control policies may increase significantly.

public information shows that major delays are expected because countries such as the Netherlands, Belgium and Germany have detained ships bound for Russia.

The inspection of export and trans-shipment goods destined for Russia is related to the implementation of procedures and is subject to recent sanctions and export controls imposed by different jurisdictions.

Britain's transport minister called on all ports in the UK to deny access to any "vessels flying the Russian flag, registered, owned, controlled, chartered or operated".

British Transport Secretary Grant Shapps stated in a letter that "the maritime sector is vital to international trade, and we must play a role in limiting Russia's economic interests and holding the Russian government accountable".

also reported that,a major U.S. port told authorities on 28 February local time that he refused to board any Russian-flagged vessels entering the port.

, the pilot asked West Coast Port Authority officials to inform him whether any Russian-flagged vessels had requested entry into the port.

learned that if the pilot's request is approved, it may put more pressure on increasingly crowded US ports and Russian shipping interests.

Source: Shipping industry information