Russia's invasion of Ukraine disrupts logistics

Mar 12, 2022

1 min read

Russia's invasion of Ukraine has caused disruption to logistics networks as the air and shipping industry moves to avoid Russia. Japan Airlines (JAL/JL) and All Nippon Airways (ANA/NH) have been forced to cancel flights and change transport routes due to flight avoidance over Russia, putting upward pressure on air freight rates between Japan and Europe. In addition, shipping companies also suspended transportation to and from Russia one after another.

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CCFI Summary week 34

The trend in shipping rates shows a decrease for Europe (-5.1%), Korea (-3.2%), the East Coast of North America (-0.5%), and the West Coast of North America (-0.2%) compared to the previous week.

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