Read the full newsletter here. Last week we noted that the tide seems to be…
Read the full newsletter here.
The past three weeks have seen the continued invasion of Ukraine by Putin with the attendant loss of life and property while pushing the world closer to a global conflict. Not since World War II has Europe experienced such rampant and indiscriminate destruction—and not since the fall of the former Soviet Union have we heard language about World War III and nuclear engagement.
Shipping is no stranger to globalization, having its roots transporting from one region to the next. The rest of the world has had to catch up, which has occurred initially through air travel, making continent hopping more feasible, and then the increase in global communications through satellites and the connectivity of the internet.
For some, it is a return to anxious times (I remember nuclear fallout drills when I was in elementary school when we were required to “shelter” under our desks); for others, this is a new experience and a life lesson on geopolitics.
Perhaps because of its roots and inherent ethos, shipping is rising to the challenge—joining oil majors, financial institutions, multinational corporations—and clamping down on Russia. From import/export transportation, to IACS, to the movement towards removing non-Russians from their ships, maritime is playing a pivotal role in challenging Putin and his viability.
As we watch the carnage daily, let us remember that behind governments are flesh and blood people. Let us strive for humanity in the midst of inhumane aggression, and let us recognize and value shipping’s strength of purpose and pivotal role in this war.