Economy
Suspension of the ports of Great Odesa. What to expect and how market participants are adapting
After the intensification of Russian shelling of the port and logistics infrastructure of the Odesa region, the work of the ports of Great Odesa has virtually stopped. Some shipowners have suspended operations to Ukrainian ports, and business has once again found itself in a situation where it is necessary to assess the direct risks to vessels, crews and cargo – and quickly look for alternative solutions.
USM has prepared a detailed material on what such a suspension could mean for Ukrainian exports, the freight market, insurance brokers, farmers, port operators and shipowners. Together with business and experts, we analyze how critical the current situation is, how to adapt logistics in the coming weeks and what will happen to the sea corridor in the event of further attacks by the Russian Federation.
Attacks on the ports of Great Odesa have brought to the fore the issue of military risks in maritime contracts, — Interlegal
The escalation of Russian attacks on the ports of Great Odesa is forcing market participants to increasingly turn to war risk clauses in maritime transport contracts.
Ukrzaliznytsia is preparing a “plan B” due to the suspension of ship calls to ports
JSC Ukrzaliznytsia is preparing a “plan B” for cargo transportation due to the suspension of ships’ calls to the ports of Great Odesa.
Russia attacked port infrastructure in Mykolaiv region, two civilian vessels were damaged
On the afternoon of July 24, Russian troops attacked the port infrastructure of the Mykolaiv region with Shahed-type strike drones.
Farmers are more likely to store grain instead of selling it, — Nibulon
After launching new models of cooperation with agricultural producers, Nibulon records an increase in demand for grain storage services by approximately 30%.
A vessel carrying coal bound for Ukraine was attacked near Romania
The Liberian-flagged commercial vessel Christiana B, which was transporting coal from the United States to Ukraine, was damaged in the Black Sea.
The withdrawal of Maersk and CMA CGM from Ukrainian ports may affect not only their services, — AMEU
The suspension of Maersk and CMA CGM container services to the ports of Greater Odessa may have broader implications for the Ukrainian container shipping market.
Own fleet could protect Ukrainian agricultural exports from port blockade, expert says
Ukrainian grain traders are still hardly investing in their own vessels, which is exacerbating the crisis caused by Russian strikes on ports.
Allseeds suspends operations in Ukraine
Allseeds Group of Companies announced the suspension of its operations in Ukraine due to increased Russian attacks on port infrastructure in the Odesa region.
Russia will block grain corridors, — Zelenskyy
Ukrainian President Volodymyr Zelenskyy said that Russia would block grain corridors.
