Insurers and shippers balked as Ukraine put out a call to keep grain moving through the Black Sea port. Read on.
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“No sane owners will call there uninsured,” said Vasilis Mouyis, joint managing director of Greece-based Doric Shipbrokers SA, which had previously sent vessels through the shipping passage. Without the protection of the safe corridor “the Ukraine trade is dead.” Russia’s exit from the pact also takes place as Ukraine makes headway in its counteroffensive in the southern part of the country. Massive drone attacks were reported on July 18, following the destruction of the main bridge linking Russia to Crimea. Moscow has warned that shipping hazards also remain.
“The main task for Ukraine now is to get the support of Turkey,” said Dmitry Skornyakov, chief executive officer of HarvEast Holding. He suggested that military escorts from Turkey could be used for ships entering and leaving Ukraine’s ports.Article content
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