Russian attacks deter shipowners from calling at Ukrainian Black Sea ports
- Shipowners are increasingly avoiding Ukrainian ports as intensified Russian strikes raise risks for vessels, crews and infrastructure
- Market participants warn Black Sea shipping conditions have deteriorated to their worst level since the collapse of the grain corridor in 2023
- Freight rates, insurance costs and logistics expenses are rising as vessel availability tightens despite Ukrainian ports remaining operational
Escalating attacks by Russia and Ukraine on ships, ports and maritime infrastructure in the Black Sea are driving up costs, shrinking vessel availability and reviving fears of a return to the uncertainty that followed the collapse of the grain deal in 2023
