106 (46) days left in the Black Sea Grain Initiative,
868 (+5) ships outbound carrying 26,671,783MT,
786 (+3) ships delivered carrying 22,872,827MT.
02Apr
At sea but not yet delivered, we currently have corn leading the way with 2.4Million MT, over 3x the next closest grain, wheat at 734K MT.
Five ships left Ukraine on 02Apr, inspections reported today were:
Inbound 02Apr 1
Outbound 02Apr 3
One ship moved into Odesa area ports. Five ships are inspected and waiting to transit the humanitarian corridor. There are 14 ships in the Odesa area ports. #MyPrecious
A weekend tradition, the inspection numbers: The March inspections per day did rise to 6.1 but still just over half of the October height of 11.3. The MT/Ship was higher at 44,346.
5-Day Western Black Sea Forecast: Nothing above threshold limits next 5 days albeit choppy April 4 and 5.
“WFP needs to raise $23 billion to help those 350 million people. Right at this stage, I’ll be surprised if we get 40 percent of it, quite frankly,” says David Beasley, the head of the U.N.’s World Food Program. washingtonpost.com/world/2023/04/…
Imagine all your farm equipment, likely leased, disappearing in the blink of an eye. Thanks to @Mylovanov for telling this story.
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.