Post by account_disabled on Feb 22, 2024 0:05:08 GMT -8
A cargo ship left a Ukrainian port near Odessa on Tuesday with 3,000 tons of wheat bound for international markets, despite Russia's ongoing blockade in the Black Sea. The ship is one of two Palau-flagged ships that arrived in Chornomorsk over the weekend, two months after Moscow withdrew from a deal brokered by the UN and Turkey that allowed grain exports to leave Ukrainian ports. through the Bosphorus. "The Resilient Africa ship with 3,000 tons of wheat left the port of Chornomorsk and is heading towards the Bosphorus," said Deputy Prime Minister of Ukraine Oleksandr Kubrakov. "Another ship is in the port loaded with Ukrainian wheat for Egypt," Kubrakov said, adding that the crews of both ships are from Turkey, Azerbaijan, Egypt and Ukraine.
Moscow's attempts to choke off grain and other food exports from Ukraine, a major global supplier, have rattled markets and raised prices for the developing world. Ukraine currently exports most via EU Pakistan Phone Number countries by truck and rail or along the Danube River, but these routes entail additional costs, harm competitiveness and represent a small proportion of pre-war shipments. Chicago wheat futures fell more than 1 percent on Tuesday. Marine Traffic, an online tracking site, showed Resilient Africa traveling Tuesday afternoon off the coast of Ukraine heading toward Romania's territorial waters. It was scheduled to dock in Israel in a week. That route had been tested in recent weeks by five other cargo ships that had been stranded in Ukrainian ports since Russia launched its full-scale invasion of Ukraine last year.
After Moscow withdrew from the grain deal, Kiev encouraged shipping lines to use what it described as a safe corridor within range of its coastal artillery and hugging the coasts of Romania and Bulgaria, both NATO members. Resilient Africa and the other ship are the first to try the route in both directions: they dock in Ukraine, load grain and leave again through the Bosphorus. Russia did not immediately react to the ship's departure. Ukraine has also rerouted some of its exports via the Danube River, although that route is slower and more expensive and Ukrainian ports and grain silos in the region have been hit by Russian airstrikes in recent weeks. kyiv-based investment bank Dragon Capital said the alternative route had led to apercent increase in food and agriculture sales in August compared to the previous month. But sales were still 18 percent lower than in August.
Moscow's attempts to choke off grain and other food exports from Ukraine, a major global supplier, have rattled markets and raised prices for the developing world. Ukraine currently exports most via EU Pakistan Phone Number countries by truck and rail or along the Danube River, but these routes entail additional costs, harm competitiveness and represent a small proportion of pre-war shipments. Chicago wheat futures fell more than 1 percent on Tuesday. Marine Traffic, an online tracking site, showed Resilient Africa traveling Tuesday afternoon off the coast of Ukraine heading toward Romania's territorial waters. It was scheduled to dock in Israel in a week. That route had been tested in recent weeks by five other cargo ships that had been stranded in Ukrainian ports since Russia launched its full-scale invasion of Ukraine last year.
After Moscow withdrew from the grain deal, Kiev encouraged shipping lines to use what it described as a safe corridor within range of its coastal artillery and hugging the coasts of Romania and Bulgaria, both NATO members. Resilient Africa and the other ship are the first to try the route in both directions: they dock in Ukraine, load grain and leave again through the Bosphorus. Russia did not immediately react to the ship's departure. Ukraine has also rerouted some of its exports via the Danube River, although that route is slower and more expensive and Ukrainian ports and grain silos in the region have been hit by Russian airstrikes in recent weeks. kyiv-based investment bank Dragon Capital said the alternative route had led to apercent increase in food and agriculture sales in August compared to the previous month. But sales were still 18 percent lower than in August.