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Ukraine's Warning to Russian Black Sea Shipping May Lead to Rate Increases
By Sea and Coast | 08/08/2023
The decision by Ukraine to target a Russian tanker near the Kerch Strait is likely to have financial implications for foreign-flag tankers engaged in transporting Russia's Black Sea crude exports. This attack has the potential to increase war risk insurance costs and potentially elevate freight rates for tankers operating in the region.
 
A Ukrainian drone boat reportedly struck and caused damage to a Russian product tanker named the Sig near the Kerch Strait. The vessel, which had been under U.S. sanctions since 2019, suffered damage below the pilothouse on the starboard side, resulting in superstructure damage and flooding in the engine room. Although the vessel didn't sink, salvage efforts were initiated promptly.
 
This incident could be viewed within the broader context of Ukraine's efforts to disrupt Russia's logistics chain to its occupied Kherson province, where Ukrainian forces are engaged in combat against entrenched Russian forces.
 
Furthermore, Ukraine has declared a "war risk area" encompassing anchorages and harbors of six Russian ports on the northeastern coast of the Black Sea. Notable among these ports is Novorossyisk, a key export loading point for Russian oil in the Black Sea region. These actions parallel Russian attempts to impede Ukrainian grain exports by targeting Ukrainian grain terminals and impacting port capacities.
 
Ukraine's Ministry of Defense justified its actions based on historical instances of Russia's use of Black Sea waters for armed operations against other nations. The ministry asserted that Russia has employed Ukrainian territorial waters to perpetrate acts of aggression since 1991.
 
As a result of these developments, the implications for foreign-flag shipping remain uncertain. Although initial reactions from Western shipowners and insurers appear subdued, oil analyst Viktor Katona predicts potential consequences for shipping Russian oil, particularly to India, with potential increases in freight rates by up to 50 percent due to the heightened Ukrainian threat. The attack's impact on around 2.5 million barrels per day of crude and product flows is of significant concern.
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LAKings.net: Exactlty what can you say to Leaders enthusiasts concerning the continuing development of Schenn?

McEwen: The most important running he's got produced is within the team connected with readiness. He is usually a twelve months more mature and then he is twelve months more knowledgeable than once we drafted them. You are able to see your talents in his game – a chance to make takes on and he carries a authentic edge against their competitors. You verify him get older along with experience which readiness process that a young child undergoes off their set up twelve months. You furthermore see it from your cultural perspective.

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McEwen: You are free to see him or her finish one more year and that he has been the highest goalie in the European Little league this current year. His advancement from when many of us produced him to help camping immediately after being a non-drafted gambler and deciding upon him or her has become incredible. He has been a actual steady person with regard to Calgary and the man is just about the large good reasons they can be within this contest.

ABOUT BRENT McEWEN
Brent McEwen continues to be a newbie hunt for your Noblemen due to the fact 04. Prior to be able to signing up for the actual Leaders, McEwen loved the diverse track record to be a gm, instructor in addition to tutor.

From 1997-2004, McEwen helped your Saskatoon Mower blades with the American Dance shoes League, in which he organised this subject connected with general manager, hockey as well as company procedures. He also ended up being mixed up in the Category exactly where they ended up being chairman from the workforce companies board; affiliated with the officiating and schooling committees; as well as different governor.

Prior to help joining this Mower blades, McEwen used 4 years within The european countries. For a single year this individual had been the national staff go coach for your Norwegian Ice Baseball Federation. Within 1995-96, this individual seemed to be the actual top mentor for Rogle BK from the Remedial Top notch League, along with before he provided for just two months because the brain mentor intended for Vita Hasten of the Remedial Department Just one little league.

Before enrolling in your expert rates, McEwen pertaining to Decade did wonders for the College or university of Saskatchewan where by their duties integrated instruction the College Tennis System; Growth and Management of the particular Baseball School; as well as educating.

A own associated with Whitewood, Saskatchewan, McEwen, Fifty four, graduated from your School connected with Saskatchewan with 1983. He with his fantastic better half, Ellen, have a couple of children: a new child, Duncan, and also a girl, Kirsten. They are now living in Saskatoon, Saskatchewan.