Besides the fact that the effect of Russia’s invasion of Ukraine can already be measured in thousands of lost human lives, the war has also had consequences for the global shipping industry, which go far beyond what a war between two neighboring states usually entail for an industry which deems itself resilient toward most incidents and conflicts.
The consequences apply to those shipping companies that have opted to sell their assets in Russia at great losses, and to the carriers that have had ships lying at Ukrainian ports. And those which do not wish to sail to Russia or cannot sail in the Black Sea because the ports are mined.
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