Global computer chip shortage could last for years

Reuters

Ship engine makers cut ties with Russia as maritime trade pressure grows

Finland’s Wartsila, a leading ship engine maker, has suspended business with Russia including equipment training while German counterpart MAN Energy Solutions is reviewing contracts, adding further trade pressure on Moscow. Russia’s maritime sector is already grappling with the winding down of other services including ship certification by leading foreign providers – vital for accessing ports and securing insurance – shipping companies pulling out and Western sanctions being imposed on its leading ocean transporter Sovcomflot after Moscow’s invasion of Ukraine. Wartsila, a top global marine and energy equipment maker, has suspended all deliveries and sales to Russia and Belarus due to the war in Ukraine and would take action to “follow the European Union sanctions framework as it evolves”, a company spokesperson said.