Shipping

Lithuania plans to denounce the intergovernmental agreement with the Russian Federation on commercial shipping.

The hearing in the arbitration proceedings against the Russian Federation will last from September 23 to October 5, 2024.

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 Russians are once again establishing prohibited areas for civilian shipping near Crimea.

The vessel “Usko Mfu” entered Ukrainian waters after a voyage to occupied Sevastopol.

Flooding in parts of southern Germany has killed five people. The danger also spreads across the Danube to Austria and Hungary.

Why bananas, chocolate and coffee prices went up, and how the Houthis and the Russian Federation are connected to this, read in the USM article.

The Russian war in Ukraine provoked many challenges for the shipping industry. In particular, the danger to ships in the Black Sea forced the Ukrainian government to look for ways to solve the problem. Yes, already in summer, the Cabinet of Ministers introduced the Procedure, which regulates the provision of compensation to shipowners and not only that.

The Ministry of Defense of the Russian Federation has significantly restricted passage through the Kerch Strait. In particular, the invaders completely prohibited the passage of small vessels.

Ukraine plans to increase the draft of vessels in the Bystre Danube estuary to 7.2 meters.