Analysis

Briefing: Can insurers put Ukrainian Black Sea exports back on track?

By 2023-09-27T06:00:00

Ukraine grain shipments

Many underwriters said they were likely to wait and see how the initial transits fared before committing to action

One of the biggest talking points for marine insurers at last week’s International Union of Marine Insurance Conference (IUMI) was the ongoing uncertainty around ship movements in the Black Sea.

The agreed Black Sea Grain Corridor, an agreement brokered by the United Nations last year, ended in July when Russia said it would no longer guarantee the safety of vessels because – it alleged – parts of the agreement had been breached.

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