Ukraine may use new Black Sea route for grain shipments —producers

Ukraine may use new Black Sea route for grain shipments —producers

Ukraine may use new Black Sea route for grain shipments —producers

KYIV — Ukraine is contemplating utilizing its newly-tested wartime Black Sea export hall for grain shipments after different cargo ships adopted the primary profitable evacuation of a vessel on the route final week, a senior agricultural official stated on Monday.

Russia has blockaded Ukrainian ports because it invaded its neighbor in February 2022 and threatened to deal with all vessels as potential navy targets after pulling out of a UN-backed secure passage deal final month.

In response, Ukraine introduced a “humanitarian corridor” hugging the ocean’s western shoreline close to Romania and Bulgaria. A Hong Kong-flagged container ship caught in Odesa port because the invasion traveled the route final week with out being fired upon.

“Only one commercial vessel has passed through so far, it has shown readiness to move by alternative routes,” Denys Marchuk, deputy head of the Agrarian Council, Ukraine’s largest agribusiness group, instructed nationwide tv.

“Further, there should be a movement of potentially 7-8 more ships… then perhaps in the future these alternative routes will become a corridor for the movement of ships that are traveling with cargoes of grain and oilseeds,” he stated.

The Financial Times stated Kyiv was finalizing a scheme with international insurers to cowl grain ships touring to and from its Black Sea ports, citing Ukraine’s Deputy Economy Minister Oleksandr Gryban.

Ukraine is a world main grain grower and exporter and usually ships hundreds of thousands of metric tons of meals from its deep-water Black Sea ports of Odesa and Mykolaiv, however has needed to depend on its Danube river ports after Russia pulled out of the deal.

To appeal to ship homeowners to Ukrainian ports which have come below fireplace from Russian forces, Marchuk stated Ukraine had already allotted 20 billion hryvnias ($547 million) for ship insurance coverage.

“Not all ship owners will dare to put their ships in an uncertain environment,” he added. — Reuters

Source: www.gmanetwork.com