# Impact of Ukraine war on global shipping | AGCS

> Allianz Global Corporate & Specialty says the war has disrupted global shipping through losses in the Black Sea, reduced trade with Russia and Ukraine, and sanctions. The IMF warned the war will keep shipping costs high for longer, adding to pandemic-era supply chain strains.

- Date: 2022-05-01 · published 2022-05-01T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/41307-impact-of-ukraine-war-on-global-shipping-agcs
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Persistently high shipping and bunker fuel costs raise landed feed ingredient costs and support freight rates, while Black Sea disruption shifts grain flows.

## Read by commodity

- DIESEL: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2022-07-07 | [World of shipping remains disrupted](https://feedsoft.ai/events/16698-world-of-shipping-remains-disrupted.md) | +7.5% | -0.7% |
| DIESEL | 2018-03-09 | [Opec lowers second-quarter global oil demand forecast on Iran war](https://feedsoft.ai/events/65935-opec-lowers-second-quarter-global-oil-demand-forecast-on-iran-war.md) | +1.8% | +5.3% |
| DIESEL | 2022-03-03 | [Freightos Weekly Update War in Ukraine roils ocean and air logistics](https://feedsoft.ai/events/12930-freightos-weekly-update-war-in-ukraine-roils-ocean-and-air-logistics.md) | -0.0% | +7.6% |
| DIESEL | 2025-12-01 | [Oil climbs more than 1% on OPEC action, Ukraine attack](https://feedsoft.ai/events/21430-oil-climbs-more-than-1-on-opec-action-ukraine-attack.md) | +1.5% | -9.0% |
| DIESEL | 2026-03-07 | [US pump prices surge as Iran war upends global energy supply \| Reuters](https://feedsoft.ai/events/5531-us-pump-prices-surge-as-iran-war-upends-global-energy-supply-reuters.md) | +10.4% | +19.4% |

## Sources

- commercial.allianz.com: https://commercial.allianz.com/news-and-insights/expert-risk-articles/shipping-safety-22-ukraine-war.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.