war has broken out between Russia and Ukraine President Vladimir Putin of the Russian
federation has ordered his military troops to invade into the Ukrainian territory
The conflict between these two nations is affecting the whole world But how will this crisis have an
impact on the global supply chain The shipping industry and its seafarers Please
ensure to watch this video until the very end to find out Firstly how will the
Russia Ukraine war affect the global supply chain World trade and supply chain are already
going through a rough patch owing to the COVID-19 pandemic The markets are still in
that recovering phase and this war will only aggravate or delay that recovery process
Both Ukraine and Russia are major exporters of corn and wheat thereby
making them one of the largest food suppliers in the world Russia also provides one
third of europe's natural gas and is the third largest crude oil producer in
the world After the imposition of sanctions on Russia the supply chain of oil and gas
would stop This has caused an increase in the crude oil price and the prices have already
reached and crossed the seven year high marks So we can expect that freight rates is only going to get
higher and shipping to these war drone areas is only going to get tougher coming to the
effect of the Russia Ukraine war on the shipping industry in general major
european and shipping routes have been shut going to this war such as the Black Sea The
bosphorous straits and the data analyst rates to name a few Due to closing down of
these important shipping routes Ships are having to reroute or wait for things to
improve without having sight of a definite of future ship insurers are
refusing to cover vessels sailing into the black sea of all affected areas or are
charging high premiums to do so Merchant navy ships are being caught in the crossfire
between the fight of these two nations many ships have faced the brunt of being attacked in these
waters missiles have hit various ships and these ships have been nothing but collateral
damage in this world This sort of a situation puts ships and their respective shipping companies
in tough spots as to how to deal with such a crisis Lastly coming to the
impact of this war on seafarers who are the core of the shipping industry major shipping ports
and terminals around the world have banged Russian seafarers and ships
from entering their ports Innocent Russian seafarers on both ships are facing
discrimination Ships and ports are refusing to allow them It is evident from the news that
the majority of the Russian population does not want this war but it is a fact
that the nation and its citizens suffer the most our hearts go out to the Ukrainian
seafarers There are more than 76,000 Ukrainian seafarers that represent
4% of the global shipping workforce it can for sure not be easy for these
seafarers to be away from their families on a ship During these tough times Imagine
the plight of their families stuck ashore in a war affected area and imagine the
kind of condition and mental torture a seafarer would go through not knowing what will
be happening to his family assured all we can do is pray for them and their safety
Many ships and seafarers of different nationalities are stuck in these Ukrainian
ports unaware of the situation outside Fear is the common word that has spread across
all these seafarers The state that they can hear sounds of bombing
and bombarding outside their ships Sign on and sign off our anyway stopped over into the
COVID-19 pandemic But this war between Russia and Ukraine has curtailed their
chances even more The mental health of sea fellows has already taken a toll due to
various factors such as COVID-19 recession in the industry lack of
jobs etcetera And this war has given them one more thing to worry about What do you think should be
done to support the shipping industry and seafarers in this time of need Do you think it
is right for ships to be collateral damage in a war between two nations One thing
we can do now is pray and lend our support to people who are stuck in these war
affected areas All we can do is hope that this gets over soon and we
collectively move towards world peace