Maritime Security

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.

Meanwhile, Turkish Foreign Minister Hakan Fidan calls on Moscow and Kyiv to agree on a moratorium on strikes on merchant shipping.

A tanker carrying Russian oil has changed its route after attempting to pass through the Bab el-Mandeb Strait.

Due to disruptions in Black Sea logistics, Indian importers are increasing purchases in Argentina and switching to other types of vegetable oils.

The French Permanent Representative stressed that the Russian attacks on the port infrastructure of Odesa threaten the food security of millions.

The request was supported by France, Great Britain, Denmark, Greece and Latvia. Ten sailors were killed in the latest attacks on port facilities in the Odesa region.

The “IMO for Ukraine” initiative provides practical support in the field of shipping safety, as well as the restoration and modernization of maritime infrastructure.

The Shipping Administration plans to cooperate with Terma A/S, which is considered one of the European leaders in the market of high-tech military-industrial complex products.

Ukraine has developed a “Strategy for Maritime Security”. The development involved 16 different authorities, headed by the NSDC.