There is a shortage of ships to transport coal from Russia through the black sea ports due to Ukrainian drone attacks, which has led to difficulties in getting insurance coverage for vessels operating in the Azov and Black Sea region.
The number of bulk carriers available to transport Russian coal has declined to 97 by the end of July. This is a 28% decrease compared to the same period in 2025 based on the information obtained from the Russian Centre for Price Indices.
The number of vessels involved in the Russian coal trade through the Black Sea region fell by a drastic 21% in a single month over growing security risks, prompting ship owners to either suspend operations in the region or stop serving the black sea ports.
According to sources familiar with the situation, market concerns increased after a Turkish-owned bulk carrier, MV Rehan Sari, came under attack on July 22, 2026, while it was carrying coal from the Russian port of Taman to Trabzon in Türkiye.
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