MSC<\/a>, the world\u2019s biggest container shipping line by capacity, said in a customer advisory that as of March 1, it had introduced \u201ca temporary stoppage on all cargo bookings to\/from Russia, covering all access areas including Baltics, Black Sea and Far East Russia\u201d. The shipping line will continue to accept and screen bookings to deliver essential goods such as food, medical equipment and humanitarian goods.<\/p>\n\n\n\n Maersk<\/a>, the second-biggest carrier after MSC, has now suspended bookings to\/from both Russia and Ukraine until further notice. Exempted from the booking suspension to\/from Russia are foodstuffs, medical and humanitarian supplies.\u00a0<\/p>\n\n\n\n The Danish carrier also advised caution on still placing bookings for perishable cargo due to significant delays in key transshipment hubs that may damage the cargo. \u201cThis is a direct consequence of the sanctions, but there are also indirect impacts as all cargo is getting delayed and our already congested transshipment hubs are getting more pressured. This is a global impact, and not only limited to trade with Russia\u201d, Maersk added in its announcement.\u00a0<\/p>\n\n\n\n The world\u2019s third-biggest container line, CMA CGM<\/a>, has also announced it had suspended all bookings to and from Russia until further notice, citing safety concerns. Keeping the 2017 cyber-attacks on shipping lines in mind, CMA CGM also added in its announcement, \u201cWe have raised our alert levels and took preventive measures to protect our IT systems as well as your personal and company data.\u201d<\/p>\n\n\n\n Apart from the top three carriers, other major shipping lines, including Singapore-headquartered Ocean Network Express and Germany\u2019s Hapag Lloyd, have also cut Russia off owing to the crisis. Logistics companies have joined shipping lines<\/a> in announcing suspensions of services to Russia.<\/p>\n\n\n\n Following the closing of Ukraine\u2019s major port, the port of Odesa, the cargo waiting to enter Ukraine was diverted to other ports. Shipping ports around the Black Sea have been closed, halting dozens of cargo vessels. While this has added to the global port congestion woes, the new suspension announcement by the world\u2019s three major shipping lines is expected to create a ripple effect across the ports worldwide.<\/p>\n\n\n\n According to experts, if cargo shipping to\/from Russia is affected, it will significantly impact the global supply chain because of all the cargo in the pipeline. The already congested port infrastructure could suffer even worse.<\/p>\n\n\n\n Global supply chains still remember the 2017 cyber-attacks that affected major shipping lines<\/a>, including Maersk. The then largest shipping line was taken entirely off the grid for more than a week. While the repercussions on global supply chains weren\u2019t so dire at that time owing to plenty of buffer capacities, a similar attack on any of the major shipping lines today, as a way of retaliation to these sanctions, will have significant global ramifications on the supply chains.\u00a0<\/p>\n\n\n\n Today, there is almost zero buffer capacity. Even if one major port goes down for two or three days in the middle of the current supply chain crisis, it will have a ripple effect on ports worldwide. Amid the crisis, supply chain leaders are heavily relying on end-to-end supply chain visibility <\/a>to foresee major disruptions and develop contingency plans proactively. Access to real-time, reliable port congestion reports<\/a> has also become a priority for supply chain professionals.<\/p>\n\n\n\n Please feel free to reach out to us<\/strong> <\/a>to build your supply chain resilience during these testing times.<\/p>\n\n\n\nRussia-Ukraine Crisis:<\/strong> Congested port infrastructure to suffer more?<\/strong><\/h5>\n\n\n\n
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<\/figure>\n\n\n\nWhat if scenario: Retaliation with cyber-attacks on shipping lines:<\/strong><\/h5>\n\n\n\n