INSEAD Day 4 - 728x90

EasyLease H1 profit $12.2m

Revenue rises on stronger operations.

FAB profit edges higher

Income growth supports steady earnings.

UAB H1 profit climbs

Income, lending drive first-half growth

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

First Ukraine grain ship since Russian blockade reaches Istanbul

This photograph shows the vessel Resilient Afrika, carrying 3,000 tons of wheat, leaving the Black Sea Ukrainian port of Chornomorsk, Odesa region towards the Bosphorus on September 19, 2023. (AFP)
  • Ukraine is testing a new sea route that avoids international waters and follows those controlled by NATO members Bulgaria and Romania.
  • It had earlier successfully sent several cargo ships along that route that were not carrying Ukrainian grain.

Istanbul, Turkey — The first grain ship to sail from Ukraine since Russia reimposed its Black Sea blockade in July reached Istanbul on Thursday, marine traffic monitors said.

Ukrainian officials said the Palau-flagged Resilient Africa vessel was carrying 3,000 tons of wheat when it left Ukraine’s Chornomorsk port on Tuesday.

It was destined for Israel, according to marine traffic websites, representing the first successful Black Sea voyage since Russia pulled out of a UN-backed deal to export Ukrainian grain.

Ukraine is testing a new sea route that avoids international waters and follows those controlled by NATO members Bulgaria and Romania.

It had earlier successfully sent several cargo ships along that route that were not carrying Ukrainian grain.

These voyages became safer after Russia was forced to pull back its warships following a series of successful Ukrainian missile strikes on the Kremlin-controlled peninsula of Crimea, where Moscow’s Black Sea fleet is based.

Russia also stepped up attacks on Ukraine’s Black Sea port infrastructure after abandoning the grain deal.