The end of globalisation? How the invasion of Ukraine and Russian sanctions are impacting freight markets and the future of free trade.

March 16, 2022 00:53:16
The Loadstar Podcast
The end of globalisation? How the invasion of Ukraine and Russian sanctions are impacting freight markets and the future of free trade.

Show Notes

Russia’s invasion of Ukraine is causing significant supply chain issues as carriers, ports and forwarders cancel services due to the fear of carrying or handling sanctioned cargo or incurring reputational damage.  The Black Sea, meanwhile, has been classified as a high-risk war zone by the Joint War Committee, a move that has hit imports and exports. Europe’s open skies have also been dramatically closed with all sorts of implications for airlines.

In Part 1 of this episode, we explore what War in Europe and sanctions regimes means on a practical level if you’re in the business of logistics and freight. We ask what next for air cargo and shipping operations and freight rates? And what does this invasion mean for rail services from Asia to Europe?

We also hear how logistics companies are helping the humanitarian effort and what we can all do to help. And we hear the traumatic story of one seafarer who was on the wrong end of Russian missiles in the Black Sea.

In Part 2, we look longer-term. Is this the end of the post-world War 2 rules-based order on which global trade and globalisation itself were built? And, if so, what does this mean for the supply chain landscape on which you all plan and compete?



Michael Every, Global Strategist at Rabobank

Ami Daniel, CEO of Windward

Adrian Batayen, seafarer on the Namura Queen, a vessel attacked by the Russian Navy off Ukraine in the Black Sea

Chris Weeks, VP, Humanitarian Affairs, Deutsche Post DHL

Alex Lennane, Publisher, The Loadstar

Nick Savvides, News Editor, The Loadstar


Episode in more detail

Part 1

Missiles and escape from the Black Sea (2.43)

Air space closures – impact on air cargo capacity and rates (8.32)

Rail to ocean? (13.20)

Sanctions explained (14.50)

Russia and reputational risk as carriers pull services (17.50)

How companies and governments are defining ‘Russian’ interests and scaling up due diligence (22.00)

The humanitarian efforts of the logistics industry and how to help (26.59 – 35.27)

Part 2 – The post-invasion geopolitical and logistics landscape

Exclusive interview with Michael Every, Global Strategist at Rabobank

The changing world order and history in fast-forward (36.00)

Sanctions and the weaponization of Western institutions (38.40)

The new trading environment and why it’s a zero-sum game (42.40)

What this new Cold War and the politicisation of supply chains mean for logistics professionals (45.21)

The end of Belt and Road? (48.50)

How to succeed in this new environment (51.32)


Credit: created, produced and hosted by Mike King

Episode Transcript

No transcript available...

Other Episodes


June 08, 2021 00:27:59
Episode Cover

Episode 2 - Could logistics bottlenecks slow Europe’s post-pandemic recovery?

Credits: Created, Produced and Hosted by Mike King ...



March 09, 2022 00:17:47
Episode Cover

Deep Dive: Why US West Coast dockworker union negotiations could rock container shipping

Created, Produced and Hosted by Mike King In this inaugural episode of this Deep Dive Loadstar Podcast, editor Mike King explains why war in Ukraine is not the only global trade disruptor in March 2022. Negotiations over a new labour contract between the International Longshore and Warehouse Union (ILWU) pose a threat to port productivity on the US West Coast where terminals, including those located at Long Beach and Los Angeles, are already bedevilled by port congestion and long vessel delays. Already, shippers are sourcing products in Asia earlier than normal and directing more cargo to US East Coast and Gulf terminals. But do these facilities have the capacity available to receive more ships? And what does all this mean for global inflation, container rates and the US economy?   Guests: Brian Whitlock, Gartner Senior Director Research Analyst Jon Gold. Vice President, Supply Chain and Customs Policy at the National Retail Federation Lee Klaskow, Senior Analyst for Transportation and Logistics at Bloomberg Intelligence Peter Tirschwell, Vice President, Maritime & Trade, IHS Markit Peter Sand, Chief Shipping Analyst, Xeneta ...



July 20, 2021 00:42:11
Episode Cover

Episode 4 – Air and container freight rates soar as shippers and regulators seek answers

  Credits: Created, Produced and Hosted by Mike King Mike discusses container freight rates and supply-demand with BIMCO’s Peter Sand Stifel’s Bruce Chan explains why he thinks structurally higher air freight rates are here to stay And a leading US SME shipper explains how his company is coping with lengthy shipment delays.     In the fourth Episode of The Loadstar Podcast, Mike King is jointed by The Loadstar’s news editor Nick Savvides as they examine the latest efforts of the Biden administration and the Federal Maritime Commission to tackle shipping costs, They’re joined by Stifel’s Bruce Chan to explore why he thinks structurally higher air cargo prices might be here to stay. And a leading SME shipper in the US explains the damaging impact of supply chain delays on his business. Mike is then joined by BIMCO chief shipping analyst Peter Sand for an in-depth examination of freight rates and the demand and supply outlook for container shipping.   ...