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London’s war-risk list now covers the whole Black Sea, and the open water off Georgia’s ports is inside it
The Joint War Committee’s circular of 16 September lists the Black Sea “excluding territorial waters of adjoining countries other than Russia and Ukraine”; until then, in the Black Sea, the London market listed the coastal waters of Russia and Ukraine. Dunya, the Turkish business daily, puts war-risk premiums at 1% to 1.5% of a ship’s insured value, against 0.1% to 0.2% in normal conditions, which can add $150,000 to $300,000 to a 7-day voyage. The new line crosses routes that call at neither belligerent’s ports: KazTransOil, which owns the Batumi oil terminal, sent 293,000 tonnes of cargo toward that port in August.
The Black Sea drone war reaches the Danube: a Turkish-owned freighter's captain is killed in the Bystre canal as Moscow claims cargo ships hit on 5 of the last 6 days
The Mariam M, a Tanzanian-flagged general cargo ship in the fleet of UBSM Shipping of Mersin, was hit by a drone in the Bystre canal of the Danube delta on Thursday morning on its way to load wheat at Reni. Ukraine's infrastructure ministry says the captain was killed and 3 crew wounded; Turkish maritime outlets put the dead at 2 and the wounded at 13. Russia's defence ministry, which names no ships, has claimed strikes on cargo vessels in Odesa, Chornomorsk and at sea on the Izmail approach on 5 of the last 6 days, on CAW's count of its statements.
Erdogan's Black Sea shipping mechanism would start at the berth where Kazakh oil loads
Flying home from Bishkek on Wednesday, Recep Tayyip Erdogan told the reporters on his plane that the Black Sea needs “a mechanism that will permanently secure the safety of commercial shipping”, and that Turkey's concern covers “all civilian sea transport”, beyond ships under its own flag or management. He named no design in the remarks Haber7 printed. The ships with the most to gain are the tankers that load Kazakhstan's oil at Novorossiysk, where the Caspian Pipeline Consortium's terminal logged three attacks in July.
Turkey reopens the straits without saying why it closed them
Tankers bound for Novorossiysk are moving again after a pause Ankara never explained and now calls a set of temporary measures. In Astana, the Energy Ministry put its detour list on the record on Monday.
Turkey pauses the straits, and Kazakh oil waits
From Thursday to Sunday, vessels bound for Novorossiysk could not get permits to transit the Turkish straits. The pause revealed a second gate on Kazakhstan’s main export route, and nobody in Astana holds the key.
Ankara puts two names on the shipping war
Turkey’s foreign ministry on Tuesday named two Turkish-owned ships hit in a single evening off Novorossiysk and told the warring parties to make the Black Sea safe for civilian navigation. Kazakhstan’s export recovery now depends on how much of that warning the tanker market believes.