News / Why war in Ukraine could be catastrophic for container shipping

Photo 108546463 © Kirill Makarov | Dreamstime.com

Although container shipping in and out of the Black Sea remains a relatively niche trade, a Russian invasion of Ukraine could have catastrophic consequences for global container supply chains.

At the Freightwaves Global Supply Chain conference yesterday, Vespucci Maritime CEO Lars Jensen warned that the ripple effects from a military confrontation would likely spread far beyond the region to hit world trade.

“If the situation escalates and Russia invades Ukraine, we are almost certain to see sanctions applied to Russia, and I ...