Commodities and Futures News

Second vessel leaves Ukraine’s Black Sea port after loading grain -source

2023.09.22 03:33

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© Reuters. Palau-flagged cargo ship Resilient Africa, carrying Ukraine grain, transits Bosphorus in Istanbul, Turkey September 22, 2023. REUTERS/Yoruk Isik

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KYIV (Reuters) – A second cargo vessel, the Aroyat, has left the Ukrainian Black Sea (NYSE:) port of Chornomorsk after loading grain, an industry source said on Friday.

The bulk carriers Resilient Africa and Aroyat arrived in Ukraine on Saturday and were due to depart after loading almost 20,000 tonnes of wheat for Africa and Asia.

Resilient Africa left Ukraine on Tuesday with 3,000 metric tons of wheat on board.

The loadings are a test of Ukraine’s ability to reopen shipping lanes after a U.N.-brokered deal to allow Ukraine to export grain collapsed after Russia pulled out.

Ukraine last month announced a “humanitarian corridor” in the Black Sea to release ships trapped in its ports since Russia invaded the country in February 2022 and to circumvent the collapsed deal.

Moscow has launched frequent drone and missile attacks on Ukrainian grain export infrastructure.

Odesa’s three seaports, including Chornomorsk, shipped tens of millions of tons of grain during Russia’s invasion under the U.N.-brokered deal.

Five of several vessels that had been stuck in Odesa have so far left the port, using the temporary corridor which hugs the western Black Sea coast near Romania and Bulgaria.

The Black Sea grain deal was brokered by the U.N. and Turkey in July 2022 to combat a global food crisis worsened by Russia’s invasion of Ukraine. Ukraine and Russia are among the world’s top grain exporters.

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