War in Ukraine Adds to Sailing Industry Challenges

(Trade Only Today) – Russia’s invasion of Ukraine has created numerous problems that will force the marine industry to adjust and adapt yet again, even as it continues to work through supply-chain and other challenges from the Covid-19 pandemic.
At least one Ukrainian boatbuilding facility was shelled, and others in the region lost employees who were displaced. Economic sanctions on Russia resulted in government seizures of oligarchs’ superyachts in Europe and drove prices higher for oil and metals everywhere. Read More