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A FreightWaves review one year after Russia's invasion of Ukraine finds that sanctions have reshaped ocean shipping across containers, tankers, dry bulk and gas. Cargoes have continued to move through longer routes or replacement sources.
Shipping markets were disrupted but trade was not halted.
Longer routes and rerouted cargoes raise freight costs and add friction to grain and feed trade flows. The effect on feed prices is mainly through higher shipping costs.
freightwaves.comGreg MillerFeb 24, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
