Black Sea Watch: Ukrainian shipments bring hope but some participants remain wary

The Atlantic dry bulk market has welcomed recent shipments from out of Ukraine on the hope that they might bring a rebalancing to regional freight dynamics, although many trading sources remained skeptical regarding the scalability of the endeavor without the explicit participation of the UN and Russia. The UN-brokered Black Sea Grain Initiative had allowed Ukraine to export over 30…The Atlantic dry bulk market has welcomed recent shipments from out of Ukraine on the hope that they might bring a rebalancing to regional freight dynamics, although many trading sources remained skeptical regarding the scalability of the endeavor without the explicit participation of the UN and Russia. The UN-brokered Black Sea Grain Initiative had allowed Ukraine to export over 30…  Read More