Understand the impact of the Ukraine conflict from a cross-sector perspective with the Global Data Executive Briefing: Ukraine Conflict


Maritime classification society American Bureau of Shipping (ABS) has suspended all class services for vessels, assets and companies tied to Russia in the wake of the country’s military offensive against Ukraine.

It took this decision after monitoring the ongoing situation in Ukraine and the Black Sea as well as assessing the applicability of various sanctions on its operations.

The American classification society further stated that it is abiding by both the ‘letter and the spirit’ of US sanctions’ law.

To support a smooth transition out of ABS Class, the company is communicating with all impacted clients and stakeholders.

In a statement, it said: “ABS is in contact with all employees in the region and working to ensure their safety.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

ABS services include classification, approval and certification along with audits.

It also offers digital solutions as well as sustainability and cybersecurity services.

Last week, UK-based maritime classification society Lloyd’s Register also decided to withdraw services to Russia.

This will be applicable to Russian owned, controlled or managed assets as well as firms.

Separately, the International Association of Classification Societies [SB2] (IACS) barred the Russian Maritime Register of Shipping (RMRS) from its membership.

The IACS Council adopted a resolution to cancel RMRS membership immediately.

“Following the recent, tragic developments in Ukraine and resulting actions taken by governments and other entities worldwide, including, in particular, sanctions in the UK where IACS is domiciled, IACS Council has been continuously reviewing the developing sanctions landscape to ensure it complies fully with all legal requirements,” it said.

The decision is said to have been taken after ‘external legal advice’.