Economy
New risk. Can Turkey affect exports from the ports of Great Odesa?
After the Russian Federation intensified its attacks on Ukrainian ports and civilian vessels, Ankara has shown that it is ready to use control of the Bosphorus and Dardanelles as leverage.
For Ukrainian exports, this means a new risk premium – even before the straits are actually closed. USM spoke with experts in the maritime and agricultural industries to find out how Turkey’s decision could affect shipping and the freight market.
Ministry of Agrarian Policy lowers grain export forecast due to Russian attacks on ports
The Ministry of Agrarian Policy expects grain exports to reach 38–40 million tons in the 2026/27 marketing year.
Record Shallowing of the Danube Complicates Ukrainian Grain Exports Through Constanta — Bloomberg
Low water levels are forcing barges to take on fewer cargoes, and shipping on the Danube is becoming more expensive at a time when Ukraine is increasingly dependent on alternative export routes.
Kernel’s main shareholder announced a mandatory buyout of the company’s shares remaining with minority shareholders
Namsen Limited, the main shareholder of Kernel Holding, announced the terms of the mandatory buyout of the remaining shares of the company at a price of PLN 19.93 per share.
Changing the port of unloading to Constanta: procedure for the importer
After the suspension of container lines to the ports of Great Odesa, some of the cargo destined for Ukraine began to be redirected to Constanta, Romania. For importers, this means additional paperwork, new port costs and the need to organize the delivery of the container to Ukraine.
Founder and CEO of SafeLogic Oleksandr Tsurkan explains what to do after being notified of a change in the port of discharge and what costs and delays to consider.
Blockade of Great Odesa ports could cost Ukraine up to 0.9% of GDP
The closure of the maritime corridor and the blockade of the ports of Great Odesa could reduce Ukraine’s GDP by 0.6–0.9%.
The market for “handysizes” has almost disappeared: there are practically no orders for large vessels
There are almost no orders for “handysize” and larger vessels, while Danube costers are still finding cargo and continue to increase in price, albeit more slowly.
“They will reach an agreement with Hungary sooner”: Poland assessed the prospects for the transit of Ukrainian grain
Expanding the transit of Ukrainian agricultural products through Poland may encounter domestic political risks for Warsaw.
NIBULON exported only 60 thousand tons of grain in July out of the planned 250 thousand tons
Due to restrictions on the work of Ukrainian ports due to terrorist attacks by the Russian Federation, the company was able to ship only two ships.
Ukrainian grain exports through ports have collapsed by 84%, — SPIKE Brokers
Rail grain deliveries to the ports of Great Odesa decreased more than sixfold, and some flows were reoriented to the western border and the Danube.
