Black Sea Shipping Crisis Deepens as Major Operators Halt Russia Port Services

The security situation in the Black Sea has taken another dramatic turn after two major shipping operators—Russia’s state-owned Fesco and Turkish regional carrier Kalyon—announced the suspension of all services to Russia’s Black Sea ports following a series of Ukrainian drone attacks on merchant vessels. The decision marks a significant disruption […]

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Russia Escalates Strikes on Civilian Shipping, Raising Fresh Fears for Black Sea Maritime Trade

Russia has significantly intensified its attacks on Ukraine’s civilian maritime infrastructure, with Ukrainian authorities accusing Moscow of deliberately targeting commercial vessels and port facilities to intimidate international shipowners and disrupt confidence in the safety of Black Sea shipping. According to Ukraine’s Ministry of Reconstruction, Infrastructure and Transport, the latest wave […]

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CMA CGM Introduces Emergency Fuel Surcharge as Strait of Hormuz Tensions Push Bunker Costs Higher

Global container shipping giant CMA CGM has announced the introduction of an Emergency Fuel Surcharge (EFS) across its worldwide services following the renewed escalation of hostilities in the Strait of Hormuz, one of the world’s most strategically important maritime trade corridors. According to an official company notice dated Tuesday, the […]

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