Drewry: Immediate impact of Russia’s Ukraine invasion on container shipping small, but could change quickly
The immediate impact of Russia’s invasion of Ukraine on the world economy and container shipping is fairly small for now but could change quickly, according to Drewry’s Container Insight.
Among the immediately obvious consequences was a jump to a seven-year high in oil prices to US$100 per barrel hours after the military attack on February 24 while stock markets around the world slumped with Russian stocks falling particularly sharply.
The rouble crashed to a record low and commodity and energy prices surged, Drewry added.
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