Economy
Russian tankers under sanctions have begun to be protected with nets from drones
Russian oil tankers in the Black Sea are increasingly being equipped with home-made protection against drones.
Freight from the Danube to Egypt reached $120 per ton
The gap between shipowners and charterers’ expectations persists, with only one fixation.
Sulina Canal to be closed for four days due to bad weather
The bad weather may increase the queue, as about 90 vessels are currently waiting at the entrance to the Sulina Canal.
Ukraine and Turkey agreed to work on a “grain corridor” in the Black Sea
The Presidents of Ukraine and Turkey discussed the restoration of safe navigation in the Black Sea and agreed to work on ensuring the effective operation of the “grain corridor”.
Nearly 300 civilian vessels damaged or destroyed in Russian attacks in Ukraine
Since the beginning of Russia’s full-scale invasion of Ukraine, 297 civilian vessels and over 1,200 port infrastructure facilities have been damaged or destroyed.
Ukraine imposes sanctions against 39 more vessels of the Russian “shadow fleet”
The restrictions apply to vessels transporting Russian oil, petroleum products, and gas condensate to China, India, Turkey, and other countries.
ARMA fails for the third time to sell nine seized vessels in Izmail
The third auction for the sale of nine arrested vessels located in Izmail did not take place due to the lack of participants.
Cargo handling in Danube ports has increased almost threefold, — Kalashnyk
The ports of the Danube cluster have increased their average monthly cargo handling from 560 thousand tons to almost 1.5 million tons against the backdrop of the worsening security situation in the Black Sea.
Without the restoration of sea exports, Ukraine will have to restructure its agricultural sector, — Vysotskyi
Currently, alternative routes cover only about half of the needs of agricultural exports.
Logistics is becoming more expensive and decentralized: how business is being restructured due to war
USM explains how a new state lending mechanism can help businesses restore warehouses and logistics infrastructure amid a shortage, rising rents, and companies moving to a decentralized model with multiple regional hubs.
