LDS Newsletter May 2026

NEWSLETTER www.lethagencies.com YOUR PREFERRED AGENT IN MARITIME HOTSPOTS May 2026Issue 008 If you have questions about the statistics in this article or require further information, please reach out to our team at: [email protected] Welcome to this month’s update from LETH! As the maritime industry navigates new challenges, we’re here to keep you informed on the latest developments and updates. Featured This Month: Port Agency In DenmarkSkaw Passings UpdateBALTIC REGION SECURITY UPDATE Skaw Passings Update : Apr 15 - May 15 Source: Lloyds AIS, Observed Data Skaw passings Per Month Total Northbound Southbound Crude Tanker Product Tanker Dry Bulk Container / General Cargo Other TankersGas Carrier Monthly Average 3275 1641 1634 323 153 548 1505 510 234 Mar 15 - Apr 15 2930 1468 1462 247 155 509 1407 411 201 BALTIC REGION SECURITY UPDATE Update from our analyst at Ambrey Recent UAV activity in the Baltics reflects a shift in Ukrainian targeting priorities, with attacks increasingly focused on softer inland hydrocarbon infrastructure supporting Russian Baltic ports rather than heavily defended port facilities themselves. Strikes on Primorsk and the Kirishi refinery, alongside recurring air raid alerts across the Leningrad region, continue to disrupt port operations and highlight the operational vulnerability of Russia’s dispersed export infrastructure. While direct damage to major Baltic ports may remain limited due to stronger air defences, pumping stations, refineries, storage sites, and logistics nodes are likely to remain priority targets. Even unsuccessful or intercepted UAV attacks are continuing to impose operational and commercial costs through temporary port shutdowns, delays, and wider business disruption, keeping the near-term threat environment across the Baltic elevated and dynamic. Separately, Norway experienced two significant counter-intelligence incidents linked to suspected Chinese intelligence activity. Norwegian authorities seized a Chinese-origin satellite data receiver reportedly intended for Andøya Spaceport and arrested individuals suspected of involvement in intelligence collection targeting sensitive military and space-related infrastructure in Bodø and the High North. The incidents reinforce concerns around foreign intelligence collection efforts targeting Arctic, satellite, defence, and NATO-linked infrastructure, using a mix of commercial cover, technical collection systems, and physical proximity to strategic sites. While no convictions have been made, the cases highlight the continued exposure of Norway’s High North to covert intelligence activity and the importance of early detection and scrutiny of seemingly civilian-linked operations near sensitive facilities. YOUR PREFERRED AGENT IN MARITIME HOTSPOTS MaltaPanama SpainGibraltarDenmarkEgyptSingaporeTurkey LETH NEWSLETTER May 2026 If you have questions about the statistics in this article or require further information, please reach out to our team at: [email protected] Add your body text Representing Leth Danish Straits at Posidonia 2026, Anders Staufeldt, Managing Partner, and Jacob Guldager, Regional Director Western Hemisphere, are looking forward to connecting with clients, partners, and industry colleagues from across the global maritime sector. If you are attending Posidonia 2026, please feel free to reach out to us. we look forward to seeing you there. For more please feel free to contact us: [email protected] + 45 33 32 23 63 https://lethagencies.com/ See you at Posidonia 2026

NEWSLETTER www.lethagencies.com YOUR PREFERRED AGENT IN MARITIME HOTSPOTS May 2026Issue 008 If you have questions about the statistics in this article or require further information, please reach out to our team at: [email protected] Welcome to this month’s update from LETH! As the maritime industry navigates new challenges, we’re here to keep you informed on the latest developments and updates. Featured This Month: Port Agency In DenmarkSkaw Passings UpdateBALTIC REGION SECURITY UPDATE Skaw Passings Update : Apr 15 - May 15 Source: Lloyds AIS, Observed Data Skaw passings Per Month Total Northbound Southbound Crude Tanker Product Tanker Dry Bulk Container / General Cargo Other TankersGas Carrier Monthly Average 3275 1641 1634 323 153 548 1505 510 234 Mar 15 - Apr 15 2930 1468 1462 247 155 509 1407 411 201 BALTIC REGION SECURITY UPDATE Update from our analyst at Ambrey Recent UAV activity in the Baltics reflects a shift in Ukrainian targeting priorities, with attacks increasingly focused on softer inland hydrocarbon infrastructure supporting Russian Baltic ports rather than heavily defended port facilities themselves. Strikes on Primorsk and the Kirishi refinery, alongside recurring air raid alerts across the Leningrad region, continue to disrupt port operations and highlight the operational vulnerability of Russia’s dispersed export infrastructure. While direct damage to major Baltic ports may remain limited due to stronger air defences, pumping stations, refineries, storage sites, and logistics nodes are likely to remain priority targets. Even unsuccessful or intercepted UAV attacks are continuing to impose operational and commercial costs through temporary port shutdowns, delays, and wider business disruption, keeping the near-term threat environment across the Baltic elevated and dynamic. Separately, Norway experienced two significant counter-intelligence incidents linked to suspected Chinese intelligence activity. Norwegian authorities seized a Chinese-origin satellite data receiver reportedly intended for Andøya Spaceport and arrested individuals suspected of involvement in intelligence collection targeting sensitive military and space-related infrastructure in Bodø and the High North. The incidents reinforce concerns around foreign intelligence collection efforts targeting Arctic, satellite, defence, and NATO-linked infrastructure, using a mix of commercial cover, technical collection systems, and physical proximity to strategic sites. While no convictions have been made, the cases highlight the continued exposure of Norway’s High North to covert intelligence activity and the importance of early detection and scrutiny of seemingly civilian-linked operations near sensitive facilities. YOUR PREFERRED AGENT IN MARITIME HOTSPOTS MaltaPanama SpainGibraltarDenmarkEgyptSingaporeTurkey LETH NEWSLETTER May 2026 If you have questions about the statistics in this article or require further information, please reach out to our team at: [email protected] Add your body text Representing Leth Danish Straits at Posidonia 2026, Anders Staufeldt, Managing Partner, and Jacob Guldager, Regional Director Western Hemisphere, are looking forward to connecting with clients, partners, and industry colleagues from across the global maritime sector. If you are attending Posidonia 2026, please feel free to reach out to us. we look forward to seeing you there. For more please feel free to contact us: [email protected] + 45 33 32 23 63 https://lethagencies.com/ See you at Posidonia 2026