Economy

According to the investigation, in 2021-2022, documents for payment for electricity were approved at prices that in some cases were more than twice as high as those stipulated in the contract.

Market participants expected a clearer statement from Turkish President Recep Tayyip Erdogan regarding the possible closure or restriction of vessel passage through the straits.

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.

Ukraine and Poland discussed the possibility of increasing the transit of Ukrainian agricultural products through Polish ports amid Russian attacks on the ports of Great Odesa.

The Ministry of Agrarian Policy expects grain exports to reach 38–40 million tons in the 2026/27 marketing year.

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.

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.

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.

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%.

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.