Economy

Purchase prices for feed corn in Danube ports have increased to $167–175/t CPT-port.

Global wheat buyers are bracing for further price increases as supplies from the Black Sea region drop sharply.

Ukrainian Foreign Minister Andriy Sybiha met with WFP Acting Executive Director Karl Skau on the sidelines of the UN General Assembly in New York.

The Sulina Canal has changed the schedule for the clearance of vessels going out to sea: the commission at mile 36 will now start work at 08:00 — an hour earlier.

Alternative routes are yielding results, but for some products, high transportation costs make exports unprofitable.

The vessels fly the flags of Barbados, Cameroon, Panama, Belize, Liberia, Turkey, Hong Kong and other countries.

On the night of September 23, the Russians attacked a cargo ship under the flag of Antigua and Barbuda in the Black Sea.

State Enterprise “Moldova Railways” (CFM) has announced a tender for the design of the repair of 183.3 km of railway track towards the Ukrainian border.

Almost the entire Black Sea has been placed within the Joint War Committee’s expanded military risk zone. For shipowners, this means longer periods of additional insurance coverage, and for cargo owners, a potential increase in freight and logistics costs.

USM spoke to market participants about how much the new risks will cost and how they could change Black Sea and Danube logistics.

Maersk has updated its container shipping rates between its Gdansk DCT terminal in Poland and a number of Ukrainian rail terminals.