The invasion of Ukraine by Russian troops has led to multiple fast-changing developments in global ocean supply chains that are still reeling from the ongoing pandemic. Stakeholders are bracing for the potential impacts of this conflict on shipments, freight rates, and additional logistics capacity constraints.
Presently, all Ukrainian seaports have been closed and multiple major ocean carriers have announced the cancellation of port calls to Russia and Ukraine. The Ukrainian port of Kherson, a strategic black seaport, has fallen to Russian forces, and Russian vessels are being blocked by major European ports.
Here are four ways this conflict is already impacting global ocean supply chains.
The clash in Ukraine, the second-largest country by area in Europe, has caused container and bulk carrier vessels to be rerouted, increasing concerns over additional supply chain disruptions. With the ports in Ukraine closed, passage through ports in Ukraine has become impossible and major container lines are rerouting their black sea service to adapt to the imposition of sanctions on Russia. Ocean carrier, CMA CGM has suspended port calls to Ukraine until further notice.
Global port congestion and delays have been further exacerbated by the invasion of Ukraine. Vessels have been skipping port calls through Ukraine, Russia, and neighboring ports due to dangerous conditions of vessels coming under artillery fire. Last week, an Estonian-owned cargo ship sunk off Ukraine's Black Sea port of Odesa after an explosion (Image 1). Within that same week, a Bangladeshi vessel was also hit by another missile. Due to the increasing number of vessels docking at rerouted ports, delays and dwell times have drastically increased at European ports since the invasion. Data from Seavantage's Port Insight platform (Image 2) shows a steep decline in the number of anchored vessels at the port of Odesa.
Global ocean ships connected to Russia and Ukraine have dropped since the invasion. Major ocean container ship operators, MAERSK, MSC, ONE have announced the temporary suspension of their services to Russian ports including ports nearby Ukraine. The government of the UK has banned the entry of all incoming Russian vessels to its ports after the implementation of sanctions in Russia. The suspension of operations has caused a reduction in cargo transport throughout Europe.
Shortly after the invasion, ocean freights rates have been skyrocketing, passing record highs. Freight rates have been increasing due to the rerouting of vessels, increasing fuel costs, and some carriers adding “war risk charges”.
The threat of disruptions to global supply chains from this conflict makes proactively managing these disruptions imperative. With our visibility platform, you can track cargo with predicted ETAs, gain insight into ports and terminals, and be the best prepared.
SeaVantage offers real-time tracking and visibility solutions for freight forwarders, carriers, cargo owners, and terminal/port operators. Our proprietary AI Maritime Traffic Network provides a more informed prediction of vessel or container arrival time for all stakeholders in the supply chain by bringing in additional data streams.
Email: sales@seavantage.com
Tel: (+82) 02-3444-7302 / (+82) 02-3444-7303
지난 2023년 12월 15일 이후, 아시아와 유럽을 잇는 홍해가 예멘 반군의 공격이 이어지면서 해운사들은 큰 고민에 빠졌습니다. 이 지역은 수에즈 운하를 통과하는 선박들에게 필수적인 경로로, 유럽, 중동, 아시아 간의 물류를 신속하게 이동시킬 수 있어 많은 해운사들이 이 경로를 택하고 있기 때문에 해운사들은 안전을 우선시해야 할지 아니면 더 긴 경로를 선택하면서 추가 비용과 시간을 감수해야 할지에 대해 결정해야 하는 어려운 상황에 놓인 것이죠.
지난 2023년 12월 15일 이후, 아시아와 유럽을 잇는 홍해가 예멘 반군의 공격이 이어지면서 해운사들은 큰 고민에 빠졌습니다. 이 지역은 수에즈 운하를 통과하는 선박들에게 필수적인 경로로, 유럽, 중동, 아시아 간의 물류를 신속하게 이동시킬 수 있어 많은 해운사들이 이 경로를 택하고 있기 때문에 해운사들은 안전을 우선시해야 할지 아니면 더 긴 경로를 선택하면서 추가 비용과 시간을 감수해야 할지에 대해 결정해야 하는 어려운 상황에 놓인 것이죠.
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