Four ships transited out of the humanitarian corridor on 18Nov and only one transited in.
Ships at Sea is holding relatively steady but only because so many have delivered. There is a growing number of outbound ships waiting for inspection again and as of late only three inspection teams have been operating on most days.
The largest load on 18Nov was the Nord Stark carrying 30,000MT of corn to Spain. #myprecious
Three inbound ship was inspected on 18Nov, one outbound ship was inspected, and no others were completed due to weather. The JCC reports 71 vessels are waiting to move into Ukrainian ports and 26 loaded vessels are waiting for inspection in Turkish territorial waters.
The Run Down
Food security is most effected by supply and demand and the Black Sea Grain Initiative has a world-wide impact. I highly recommend spending a few minutes of your time on this new report from the @WorldBank.
In other news, even Erdogan is prompting Putin towards and diplomatic solution to the war saying that prolonging the war only increases the risks. aa.com.tr/en/politics/tu…
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Russia says unblocking their exports of grain and fertilizers is key to renewing the Black Sea Grain Initiative while simultaneously implementing an export duty. I did a little homework for us both to understand why their words don’t match their actions.🧵⬇️
That fertilizer went to a lot of different countries but mainly Asia and Africa. (Yes I used a source that includes Belarusian fertilizer for obvious reasons.)
(Source: statista.com/statistics/128…)
This is a inaccurate take and I’m going to tell you why. This has far more to do with the suspension than an extension but both will have consequences in the coming days.🧵⬇️
1. That little dip in ships leaving Odesa area ports which lasted for three days was entirely because when RU suspended it’s involvement in the BSGI it meant no inbound ships could be inspected. Once all the previously inspected ships had sailed they needed to wait Russia.
2. There are currently 9 ships inbound to Odesa, 6 ships at anchor waiting to enter port, and 16 ships moored and being loaded, that’s the highest volume we have seen during the Black Sea Grain Initiative.
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.