All articles tagged with #shipping corridor
Iran and Oman say they are close to finalizing a temporary shipping corridor through the Strait of Hormuz, with Tehran proposing routes largely in its waters and even tolls, while the US demands open, toll-free transit; a joint statement is still pending, and the deal would not by itself reopen the waterway or end the broader crisis.
Ukraine has established a new shipping corridor in the Black Sea to export grain and other food products, despite threats from Russia. The corridor, protected by the military, has allowed Ukraine to increase its agricultural exports and provide affordable food to regions facing food insecurity. Although there is a risk of attack and floating mines, growing numbers of ships are heading to Ukraine's ports, boosting the country's economy. Russia had previously attacked Ukraine's ports and grain infrastructure, but the new corridor has enabled Ukraine to continue exporting over 5.6 million metric tons of grain.
Ukraine has established a new shipping corridor in the Black Sea to export grain and other food products, despite the threat of attack from Russia. The corridor, protected by the military, has allowed Ukraine to increase its agricultural exports and provide affordable food products to regions facing food insecurity. Although there are risks involved, such as attacks on ports and floating mines, the shipping corridor has boosted Ukraine's economy and brought back a key source of wheat, corn, barley, and sunflower oil to Africa, the Middle East, and Asia. The new corridor has helped Ukraine export over 5.6 million metric tons of grain and other products, but it still has a long way to go to reach pre-war export levels.
Ukraine's navy has announced that 12 more cargo vessels are prepared to enter a newly established Black Sea shipping corridor, defying Russia's de facto blockade on Ukrainian sea exports. The move comes after Russia withdrew from a deal that allowed Ukraine to safely ship food products through its main export corridor. Ukrainian authorities have set up a temporary "humanitarian corridor" for cargo vessels, with several ships already departing from Black Sea ports. The navy spokesperson stated that Ukraine's defense forces are ensuring the safety of civilian ships in their territorial waters, as they proceed into the waters of NATO member countries. However, Ukrainian grain exports have declined by 24% due to blocked export routes and Russian attacks on Ukrainian ports.
Ukrainian President Volodymyr Zelenskiy announced that two more ships have successfully passed through the temporary Black Sea shipping corridor established after Russia withdrew from a U.N.-backed grain export deal in July. The vessels' identities and completion dates were not disclosed. This brings the total number of ships using the corridor to four. Zelenskiy stated that Ukraine is restoring true freedom of navigation in the Black Sea, emphasizing the determination required for such freedom. Russia had blockaded Ukrainian ports since its invasion in February 2022 and threatened to treat all vessels as potential military targets. In response, Ukraine established a humanitarian corridor along the western Black Sea coast. The grain export deal, which allowed Ukraine to ship agricultural produce during the invasion, will be discussed in a meeting between Russian President Vladimir Putin and Turkish President Tayyip Erdogan.