infrastructure shelling
Agricultural sector losses due to halt in sea exports could reach $3 billion
The suspension of ship calls to the ports of Great Odesa could cause direct losses to the Ukrainian agricultural sector of $1.5 billion to $3 billion this year.
Kernel warned about the increase in the cost of storing grain at its own elevators
Due to the port shutdown, Kernel is preparing new conditions for grain storage, which will come into effect in September.
The government is preparing crop-secured loans for farmers due to the suspension of sea exports
Agricultural producers will be able to attract affordable financing secured by the harvested crop in order to conduct autumn sowing and not sell grain at low prices.
Russia attacked 232 ships in the Black Sea during the full-scale war, — Ukraine in the OSCE
Since the start of the full-scale war, Russian troops have struck 232 ships in the Black Sea and destroyed over a thousand Ukrainian port infrastructure facilities.
The suspension of ship calls is already hitting the revenues of terminals, USPA, and farmers, — Ukrport
The actual suspension of ship calls to the ports of Great Odesa is already leading to losses for port terminals, the Ukrainian Sea Ports Authority, and agricultural producers.
No route can completely replace the ports of Great Odesa — TEUS
The Danube and Romanian ports can accept part of the cargo flow from Great Odesa, but no alternative route can fully replace the capacity of deep-sea ports.
Russia attacked the same civilian ship near the port of Odesa for the third time
On July 28, Russian forces struck a civilian vessel under the flag of Liberia for the third time, which was at anchor on the approaches to the port of Odesa.
The increase in freight rates should not be explained by the desire of shipowners to obtain excess profits – an opinion
The increase in freight rates in the Black Sea is associated with an increase in insurance, fuel and operating costs, as well as risks for crews.
The USPA commented on the state of the water area after the ship sank off the coast of Odesa
After the sinking of the Golden Leo dry cargo ship, services are checking the Black Sea water area for possible pollution and preparing to eliminate the consequences of the fuel leak.
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.
