Ship owners assess risks, navigate mined waters to extract grains from Ukraine

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Ship owners assess risks, navigate mined waters to extract grains from Ukraine
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The goal over the next four months is to get some 20 million tons of grain out of three Ukrainian sea ports blocked since Russia’s Feb. 24 invasion

. That provides time for about four to five large bulk carriers per day to transport grain from the ports to millions of impoverished people worldwide who are facing hunger.

“Can we make sure and guarantee the safety of the crews? What’s going to happen with the mines and the minefields, as well? So lots of uncertainty and unknowns at the moment,” he said. “The primary risk that’s faced is obviously going to be mines,” said Munro Anderson, head of intelligence and a founding partner at Dryad. The maritime security advisory company is working with insurers and brokers to assess the risks that ships could face along the route as sea mines laid by Ukraine to deter Russia are drifting.

“I think it’s going to come to the position of the marine insurers that provide war risk and how much they are going to be adding in additional charges for vessels to go into that area,” said Michelle Wiese Bockmann, shipping and commodities analyst at Lloyd’s List, a global shipping news publication.“You can’t risk those lives without something concrete and acceptable to the shipowners and to their charterers to move grain,” she said.

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