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Grains Market Zeroes In on Ships Trapped for Months by War

  • Scores of vessels stuck in Ukraine’s ports since February
  • Clearing those cargoes seen as vital step to revitalize trade
Bloomberg business news
Haass on Russia-Ukraine Grain Deal
Updated on

Now that Ukraine’s grain-export deal has been signed, all eyes are on clearing a major obstacle: freeing the scores of ships stuck there since February. 

As many as 100 vessels carrying grain and agricultural products were trapped in Ukrainian ports when Russia’s invasion began, and seeing them sail would mark a first step in revitalizing seaborne trade. But even with a deal, traders say freight for new sales is difficult to nail down, with risks to insurers and shippers still lingering.