Grain carriers under fire as Black Sea conflict continues to escalate
- Ukraine strikes five grain bulkers near Novorossiysk and Tuapse in a major escalation against Russian export infrastructure
- Owners’ appetite for Black Sea trades weakens as war risk premiums soar and security concerns intensify
- Analysts warn prolonged disruption could cut Black Sea grain exports by up to 3m tonnes a month, with wider implications for food prices
Attacks on at least five bulk carriers linked to Russia’s grain trade signal a new phase in the Black Sea conflict, threatening exports, driving up shipping costs and further eroding owner confidence in the region
