# Shipping ponders response to Russo-Ukraine conflict - Hong Kong Maritime Hub

> Capesize and Panamax dry bulk rates moved sharply this week, with the Capesize 5TC peaking at $18,181 Wednesday before closing at $14,026. Shipowners are being cut off from several routes due to war risk as vessels are halted or turned around following events in Ukraine.

- Date: 2022-02-28 · published 2022-02-28T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/42608-shipping-ponders-response-to-russo-ukraine-conflict-hong-kong-maritime-hub
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher fuel costs and rerouting add tonne-miles and freight cost to grain and oilseed shipments, which can widen export basis and cut returns for feed buyers relying on imported ingredients.

## Read by commodity

- WTI: neutral
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-04-22 | [Tankers undercut grain ships in Panama Canal: queues have increased significantly — EADaily, April 22nd, 2026 — Politics, Russia](https://feedsoft.ai/events/16869-tankers-undercut-grain-ships-in-panama-canal-queues-have-increased.md) | +9.8% | +18.8% |
| WTI | 2019-05-29 | [CORRECTED-UPDATE 2-MPLX to restart Ozark crude pipeline on Thursday after outage -traders](https://feedsoft.ai/events/59239-corrected-update-2-mplx-to-restart-ozark-crude-pipeline-on-thursday-after.md) | -9.3% | -2.2% |
| WTI | 2021-02-19 | [Traders rush to supply fuel to the U.S. as Texas freeze bites](https://feedsoft.ai/events/48823-traders-rush-to-supply-fuel-to-the-u-s-as-texas-freeze-bites.md) | +5.0% | -0.8% |
| WTI | 2017-09-01 | [Inter Continent Trading: Tankers: Persian Gulf vs Red Sea freight premium disappears as Harvey disrupts trade](https://feedsoft.ai/events/68843-inter-continent-trading-tankers-persian-gulf-vs-red-sea-freight-premium.md) | +0.4% | +9.4% |
| WTI | 2026-05-14 | [Panama Canal transit auction fees rise to US$4 million](https://feedsoft.ai/events/16856-panama-canal-transit-auction-fees-rise-to-us-4-million.md) | +3.8% | -9.8% |

## Sources

- hongkongmaritimehub.com: https://www.hongkongmaritimehub.com/shipping-ponders-response-to-russo-ukraine-conflict/

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