# How Russia Ukraine War Will Affect Global Shipping and Seafarers ?

**Channel:** marineinsight
**Source:** https://www.youtube.com/watch?v=twjcbhAIMZ4
**Transcript page:** https://www.withtranscript.ai/video/twjcbhAIMZ4

## Chapters

- 0:00 — War Begins and Global Stakes
- 0:23 — Supply Chain Disruptions and Prices
- 1:14 — Shipping Routes and Vessel Risks
- 2:08 — Seafarers Facing Discrimination and Fear
- 3:09 — Crew Struggles and Closing Appeal

## Transcript

**[0:00]:** 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.

**[0:23]:** 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 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 impositions 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 mark. So we can expect that freight rates is only going to get higher and shipping to these war prone areas is only going to get tougher.

**[1:14]:** Coming to the effect of the Russia Ukraine war on the shipping industry in general. Major European and shipping routes have been shut owing to this war such as the Black Sea, the Bosphorus Straits and the Data analyst trades, 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 definitive future ship. Insurers are refusing to cover vessels sailing into the Black Sea or war 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 war. This sort of a situation puts ships and their respective shipping companies in tough spots as to how to deal with such a crisis.

**[2:08]:** 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 banned Russian seafarers and ships from entering their ports. Innocent Russian seafarers on board 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.

**[2:33]:** 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 ashore.

**[3:07]:** All we can do is pray for them and their safety.

**[3:09]:** Many ships and seafarers of different nationalities are stuck in these Ukrainian ports and unaware of the situation outside. Fear is the common word that is spread across all these seafarers. They state that they can hear sounds of bombing and bombarding outside their ship. Sign on and sign off are anyway stopped owing to the COVID 19 pandemic.

**[3:31]:** But this war between Russia and Ukraine has curtailed their chances even more. The mental health of seafarers has already taken a toll due to various factors such as COVID 19, recession in the industry, lack of jobs, etc. And this war has 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?

**[3:59]:** 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.