Marine insurers are ready to support shipowner clients following last week’s agreement on the resumption of Ukraine grain shipments — but only once a safe passage for bulker carriers has been arranged.

Underwriters and brokers in the London market contracted by TradeWinds said there have been ongoing discussions with owners about the availability of cover since talk of an agreement first broke.

The UK government has also been encouraging the London market to step in once the trade resumes, and recently said it had assurances that cover would be made available.