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New Grain Corridor Shows Signs of Life

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On Sunday, October 1, 2023, eight vessels passed along the coast of Odesa. In the morning, 3 vessels with cargo left the ports of Pivdenny and Chornomorsk. Other vessels entered the port of Odesa for loading. The new grain corridor seems to be working

Vessels left the ports (with a total carrying capacity of 134,229 thousand tons):

YING HAO 01 shipowner from China
ENEIDA shipowner from Panama
AZARA shipowner from Poland

At the same time, the following vessels entered (with a total carrying capacity of 126,376 thousand tons):

Mintec Global
NEW LEGACY Marshall Islands shipowner
IDA shipowner from Germany
FORZA DORIA shipowner from Liberia
OLGA shipowner from Germany
DANNY BOY shipowner from Greece

Contracts concluded with insurance companies contributed to an increase in the number of shipowners who agreed to work through the Black Sea ports of Ukraine. Thus, the British insurance broker Miller, in partnership with the technology company Clearwater Dynamics (CWD) and the government of Ukraine, developed a mechanism for full insurance of military risks for vessels in the Black Sea. This will use CWD technology, which combines advanced vessel tracking with 24/7 operational situational monitoring and vessel reporting both while underway and in port, providing insurers and owners an additional level of security.

Miller’s Head, Nick Summers, said: “Using CWD’s technology and operational support, we are able to provide insurers with the information they need to insure vessels traveling through the Black Sea Corridor. We are open to any requests and will try to help Ukraine restore vital international routes for the transportation of its grain.”

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