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Shortage of Russian, Ukrainian crew could lead to 'dramatic' increase in shipping costs, insiders say
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The shortage of crew will add to existing delays shippers are already experiencing as a result of port congestion and pandemic restrictions.
ST PHOTO: LIM YAOHUI
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SINGAPORE - Russia's invasion of Ukraine has led to a shortage of crewmen that will worsen existing supply chain disruptions and add to inflationary pressures in coming months, noted shipping executives.
They noted at the Asia Pacific Maritime conference in Singapore this week that the war is affecting a growing number of seafarers from both Russia and Ukraine.
