# Ukraine + shipping

**URL:** <https://discussion.fool.com/t/ukraine-shipping/61909>\
**Category:** Macro Economic Trends and Risks\
**Created:** [February 28, 2022, 12:10am UTC](https://discussion.fool.com/t/ukraine-shipping/61909 "2022-02-28T00:10:37Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![HohumYNWA](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/hohumynwa/32/1511_2.png) [@HohumYNWA](https://discussion.fool.com/u/HohumYNWA)\
**Post date:** [February 28, 2022, 12:10am UTC](https://discussion.fool.com/t/ukraine-shipping/61909/1 "2022-02-28T00:10:37Z")

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Aware of the big items (Russia attacking Ukraine, US response via bank cut-off), I was away from home a couple of days, so some of the other aspects of Russia-Ukraine did not fully sink in.

Other aspects?

1. Both Russia and Ukraine being major grain exporters
2. Energy impact: Russia being a major gas supplier to West Europe, major oil producer.

- Direct impact on Cape vessel hauling grain, plus the scrambling to find alternate sources for some commodities  
[https://www.hellenicshippingnews.com/dry-bulk-market-capesiz…](https://www.hellenicshippingnews.com/dry-bulk-market-capesizes-suffer-from-ukraine-development/)

- NATO/Western Europe have been a little more hesitant on applying sanctions on energy, but there is definitely an impact entering a war arena.  
[https://www.hellenicshippingnews.com/tanker-trade-what-does-…](https://www.hellenicshippingnews.com/tanker-trade-what-does-the-war-in-ukraine-mean/)

Obviously, China will be an consumer of those oil exports. But I think some of the trading firms will start building up oil storage (even with the current high $$/barrel) for a trade. Will be interesting to see what develops on the crude tanker sector.  
(Bah! I had been eyeing Suezmax tanker owner Nordic American Tankers (NAT) about 10 days ago. Shares surged this past week)