FESCO suspends Black Sea orders after Ukrainian drone attack

AI Summary

Russian shipping company FESCO has ceased accepting new shipments through the Black Sea following a Ukrainian drone attack on one of its vessels. This disruption highlights growing shipping challenges amid military conflict, affecting wheat export routes and market stability.

Russian logistics and shipping company FESCO said Tuesday it has stopped accepting new shipment orders through the Black Sea following a Ukrainian drone attack on one of its vessels last week. The move underscores increasing disruption to shipping operations as attacks on vessels by both Russia and Ukraine have intensified, driving wheat prices higher on ...