Since Russia invaded Ukraine two years ago, nearly 50 merchant ships have been languishing in its waters, stuck in ports too dangerous to sail from.
But while these ships have not moved, some of their owners have changed, highlighting the risks some market players are prepared to take in the hunt for bargains.
A Reuters analysis of port and ship tracking data detailing the line-up of ships has found at least nine vessels stranded in Ukrainian ports have been sold since February 2023 in a series of discrete deals.
The sold ships ar