12 days left in the grain deal, 431 ships outbound carrying 10,067,175MT, 320 (+9) delivered carrying 6,642,285MT. 07Nov
No ships leave Odesa for the third day.
Spain continues to lead the way in exports from Ukraine.
Only 25% of the ships who have left Odesa are still at sea, representing 33% of the MT of grains.
No ships transited out of the humanitarian corridor on 07Nov. Three days with no shipments. #myprecious
Eight inbound ships were inspected today. This means 36 ships are ready to load Ukrainian grain through the BSGI. I expect to see a flotilla of these eight ships enter the humanitarian corridor to Odesa in the morning.
Two outbound ships were also inspected, two more outbound inspections were started but were delayed by fumigation issues. The JCC reports “77 vessels waiting to move into Ukrainian ports plus 15 loaded vessels waiting for inspection in Turkish territorial waters.”
And finally, a reminder that Russia’s invasion of Ukraine affects the entire world and raises food prices for everyone. This is not a short term problem.
Again last night (and tonight) Russia attacked Odesa with shaheds and missiles. Thankfully no one died.
An update on Ukrainian grain prices and market factors. Prices are slowly rising as internal demand competes with export demand. latifundist.com/novosti/68707-…
Ukrainian and EU agriculture ministries met this week to investigate ways to increase Ukraine’s exports to the EU. As part of this project, Ukraine has committed to achieving compliance with EU production standards by 2028. ukrinform.ua/rubric-economy…
These are the kinds of rolling outages that we have seen in past winters, but typically they haven’t started until much later in the season. Russia’s strikes are effective but Ukrainians have three winters of practice and preparation for these outages.
One ship was assessed as delivered today, we have 19 ships left to deliver. A quick count shows that at least 14 ships sailed into Odesa Area ports in the past 24 hours.
The Rundown
Ukraine has announced a War Risk compensation mechanism for businesses today. In the shipping industry, Ukraine’s War Risk Insurance did not replace private insurance offerings but instead made pricing more competitive which encouraged trade more broadly. Similarly this insurance is expected to allow businesses to move forward with new funding and investment. kmu.gov.ua/en/news/uriad-…
That’s right, we finally hit a day with zero deliveries. More of these will happen as we only have 20 ships left to deliver…you may even see us take a day or two off here and there. Regardless, traffic continues consistently in and out of Odesa.
The Rundown
Last night’s large Russian missile and shahed attack hit the southern Odesa port of Izmail, destroying both port and energy infrastructure. blackseanews.net/read/236613
Russia has been strategically targeting power, rail and port infrastructure over recent weeks. Disrupting logistics is the main avenue to shut down Ukraine’s economy and create challenges for the armed forces. t.me/OleksiiKuleba/…
Thankfully a rail strike like this should be fixable in fairly short order. Currently having enough manpower to deal with the widespread damage is the biggest issue.
From 14-16Dec2024 , 17 ships likely sailed inbound to Odesa area ports and 15 ships likely sailed outbound for a total of 32 ships in the Ukrainian Humanitarian Corridor. *These numbers may change over time.
15 ships were assessed as delivered today, including three to Türkiye and one to Iraq.
We tracked 237 ships today.
The weather isn’t great across the Black Sea region but ships are making the most of the windows they have. There really isn’t much to report from Odesa because ships keep sailing in and out consistently other than weather effects.