How world shipping has transformed in the two years since Russia’s full-scale invasion of Ukraine

Saturday marks two years since the full-scale invasion of Ukraine, a war that has dramatically changed the global seaborne map, some argue irrevocably.

“Even if there were to be an overnight resolution to the conflict in Ukraine, we would not anticipate trade routes and volumes reverting to pre-invasion levels. Many importers are now seeking friendly jurisdictions with which to conclude business to reduce geopolitical risk and ongoing supply chain uncertainty,” stated MSI’s Adam Kent. Read more at Splash247.com

Interview: With new oil & gas horizons calling, will the North Sea hold sway over its existing rig fleet?

As the ongoing drilling upcycle empowers rig owners, new offshore drilling playgrounds with better benefits are popping up on the companies’ radars. This interview sheds more light on whether this trend will lead to a further exodus from the North Sea market and a mass pivot toward other destinations.

While emission reduction quests are part of the long-term energy transition game, the short-term outlook does not foresee a wave of new rig upgrades to curb the carbon footprint due to the current market fundamentals, according to Todd Jensen, Senior Offshore Energy Market Analyst at MSI. Read more at Offshore Energy.