Articles

USM analyzed the financial performance of leading shipping companies for the first six months of 2024.

In 2024, international shipping continues to face serious challenges. The main difficulties for the market are caused by fluctuating demand for container transportation, rising fuel costs and, above all, the protracted crisis in the Red Sea.

The issue of safety has always occupied the most important place in shipping. The industry is constantly looking for new ways to improve cargo transportation — from protecting cargo from theft and damage to combating piracy and creating a safe environment for the crew.

During the meeting with the President of Ukraine Volodymyr Zelenskyy, the President of Turkey once again announced the work on the revival of the Black Sea Grain Initiative.

USM considers whether Ukraine needs this, and why such statements are being made despite the successful operation of the maritime corridor.

Currently, the Orlivka ferry complex works as a crossing, checkpoint and, at the same time, a cargo terminal. The war also affected the nomenclature of cargo handled at the berths of the complex.

Foreign experts calculated how the increase in the number of maritime crimes is affected by the destruction of fishing grounds, how Somali separatists are fighting crime at sea, and whether the world community will be able to cope with this new threat.

The floating dock in Gaza, established for the delivery of humanitarian aid by sea, is discussed by the media of many countries. Many experts also criticize the project due to the large amount of money spent on the construction of the facility, as well as the short-term and unreliability of the pier.

This year was successful for the ports of Ukraine not only due to the achievement of the pre-war level of exports, but also from the perspective of the prospects opened up thanks to the recovery of container transportation. At the same time, these processes are not as easy and fast as it might seem at first glance.

A year ago, the Russian invaders committed a man-made and ecological disaster, blowing up the Kakhovska HPP in the Kherson region.

Shipping, which began with primitive rafts, has today turned into a high-tech industry capable of overcoming the most extreme conditions. However, most of the ocean is still unexplored, and extreme temperatures near the poles force us to look for new solutions. What challenges are facing shipping in the new era, what ambitious projects can change the future of sea travel and how all this is connected with Saturn’s moon – read in the USM article.

After two years of full-scale war in Ukraine, facing many challenges and risks, despite all the difficulties, Ukrainian business finds ways to continue working in extremely difficult conditions.