Another day, another load of 66,000MT of corn headed to China.
And a new chart!
Three ships transited out of the humanitarian corridor on 20Nov and four ships transited in.
I wouldn’t say we’re seeing consistent numbers this week but it’s nice to see some real movement out of ports. #myprecious
Two inbound ships were inspected on 20Nov, three outbound ships were inspected, and no others were completed due to weather and fumigation. The JCC reports 75 ships are waiting to move into Ukr ports, and 30 loaded ships are waiting for outbound inspection in Turkish waters.
And, as it’s a Sunday tradition, the Continental charts.
The Run Down
If you heard me in spaces yesterday I talked about the number of inspection teams. Since Russia returned to the BSGI they have generally been working with only three inspection teams per day and this is greatly hampering the number of ships inspected each day.
We are again seeing the numbers of ships waiting for inspection growing and today the JCC specifically noted than some of the inbound ships have been waiting for over a month. This is Russia controlling the shipping while still saying they are working with the partners.
Erdogan is continuing discussions with all parties to the BSGI in hopes of moving an extension forward.
Erdogan isn’t the only hopeful one, the UN also seems to think they may still be able to complete a deal on the Russian ammonia exports. reuters.com/world/europe/u…
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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.
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.