Economy

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.

Ukrainian grain traders are still hardly investing in their own vessels, which is exacerbating the crisis caused by Russian strikes on ports.

Allseeds Group of Companies announced the suspension of its operations in Ukraine due to increased Russian attacks on port infrastructure in the Odesa region.

Ukrainian President Volodymyr Zelenskyy said that Russia would block grain corridors.

In the Vylkivska community of Odesa region, they plan to create an eco-industrial park “Vylkove”.

The cost of transporting cargo by barge from the Ukrainian Danube ports of Reni and Izmail to Constanta, Romania, has almost doubled since the beginning of July, to about $28 per ton.

The countries agreed to continue cooperation with partners to strengthen alternative logistics routes and grain export routes.

Despite the recent attacks by the Russian Federation on the ports of Great Odesa, there is currently no sharp increase in demand for transportation on the Danube.

Feeder operator Maersk Ukraine emphasizes that the situation in the ports has deteriorated critically, and shipowners are massively refusing to enter the ports.

At the height of the harvest on July 22, not a single ship passed through the Ukrainian maritime corridor.