Jittery shipowners have started to avoid Black Sea ports in Russian or Ukraine’s waters after the region was declared high risk by insurers, and Singapore-based traders said they were reviewing their exposure to Russian commodities as sanctions loom. Networks of commodity traders, shipping finance executives and ship brokers in the shipping hub of Singapore said …
The post Shipowners avoid Black Sea ports, traders brace for sanctions as war fears rise first appeared on Hellenic Shipping News Worldwide.