Splash Extra

Black days in the Black Sea

Tanker freight rates have followed variable paths since the invasion of Ukraine on February 24.

The Russian merchant and art collector Sergei Shchukin (1854-1936) wrote in his memoirs, if you have a rifle hanging on the wall in chapter one of a story, it absolutely must go off by chapter three. Barely had our last monthly round-up gone to press than Russia’s armoured columns, hanging on the border like Shchukin’s rifle, entered Ukraine and changed the world, perhaps forever. The media is full of armchair generals opining and disagreeing. The world is worried about the prospect of nuclear ...

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