Market experts are divided on whether Russia’s backing out of a UN-led safe passage scheme for Ukrainian grain in the Black Sea will have an impact on the weakening dry bulk shipping market.
Moscow made this move on Saturday in response to a supposed Ukrainian drone attack on its warships earlier that day at Sevastopol in Russian-occupied Crimea.
The United Nations and Turkey are still keeping the corridor open, having sent surveyors to inspect 40 outbound vessels in the Turkish straits on Monday, the Joint Coordination Centre (JCC) of the Black Sea Grain Initiative (BSGI) said.
