The half-year health check on the state of the maritime markets finds shipowners in a better place than they anticipated 12 months ago. While tankers will have to wait for a meaningful vaccine-led recovery, box and bulk are booming.

In 2022, the Russian transport administration faces unprecedented logistics challenges: massive trade restructuring prompted by restrictive sanctions has necessitated urgent operational decisions to combine different routes through friendly and neutral countries. The biggest changes are expected in cargo turnover with Russia’s largest trading partners — the European Union and China