This prospect could add around $3 per tonne to the cost of transporting grain. This was reported by Konstantin Sobol, a freight broker, shipowner and founder of Marelis Navigation S.A., according to latifundis.
That said, vessels can avoid paying an additional insurance premium by sailing along the coasts of Romania and Bulgaria within the 12-mile zone of their territorial waters. According to Sobol’s estimates, around 90 per cent of the transit fleet is currently choosing this route.
However, if attacks spread to the territorial waters of these countries, insurance conditions may change again. Following attacks on vessels in the economic zones of Romania and Bulgaria, shipowners are now assessing the risks not only in Ukrainian ports but also along the entire route across the Black Sea.
This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.
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