Dry CargoEurope

Hours left before Black Sea grain deal expires 

A frantic day of diplomacy is expected Monday as the deal to allow Ukraine to ship grain via the Black Sea is due to expire at midnight with the last bulk carrier to move Ukrainian grain under the current deal departed from Odesa yesterday. 

The Black Sea Grain Initiative was originally agreed upon in July last year, brokered by Turkey and the United Nations, allowing Ukraine to move nearly 33m tonnes of grain from three of its ports in the ensuing months. The deal comes up for renewal every few months, with Russia regularly leaving it to the last minute before agreeing to extend it. This time, however, the chances of renewal are looking bleak with hours to go. 

With shipments via the Black Sea faltering, Ukraine has looked to move more by canal and river into Romania, eyeing a dredging operation on its inland waterways to allow larger ships to pass. 

On Friday, Turkish president Recep Tayyip Erdogan said he was confident the deal would be extended again, after speaking to his counterpart in Moscow, Vladimir Putin. There’s now less than 24 hours for an agreement to be reached, something made harder following another attack on a bridge spanning the Kerch Strait to Crimea early this morning, an incident that is also likely to restrict marine traffic in the area in the coming days. 

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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