Impacts of Russia’s war against Ukraine on the shipping and shipbuilding markets

Russia’s war of aggression against Ukraine has had both a significant direct impact on the maritime sector notably by disrupting maritime activities in the area. The war is likely to have further structural impacts on maritime trade routes and maritime decarbonisation. The war has directly affected maritime transport in the Black and Azov seas, including a halt of the activities in Ukrainian ports and the export of agricultural products through the Black Sea.