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Tankers and the fog of war

The corner looks to have been turned for a hard hit sector.

Russia’s military attempt to annex parts of the east and south of its neighbour Ukraine is affecting the global economy in a number of ways. It is adding to energy and agricultural inflation, to disruption in established trade patterns in oil, gas, coal, grains and ferrous products, and is driving nations into harder alliances and strategic competition. Only the container shipping market seems relatively free of disruption from the conflict, though sanctions are keeping the liner companies on t...

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