Bulk

Ukraine nears agreement to insure cargo ships in high-risk waters

In an attempt to secure grain exports out of the country, Ukraine is working on getting insurance companies to cover the voyages of dry cargo ships.
According to Financial Times, the agreement could mean that between five and 30 dry cargo ships will be covered as they sail through what is described as the "danger zone" in Ukrainian waters in the Black Sea. | Photo: Mehmet Caliskan/Reuters/Ritzau Scanpix
According to Financial Times, the agreement could mean that between five and 30 dry cargo ships will be covered as they sail through what is described as the "danger zone" in Ukrainian waters in the Black Sea. | Photo: Mehmet Caliskan/Reuters/Ritzau Scanpix
by KIT LINDHARDT

Ukraine is finalizing a deal with global insurance companies to cover dry bulk vessels carrying grain cargoes out of the country, one of the world’s largest grain exporters. 

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