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The Black Sea MoU's 2023 port state control report shows 5,294 inspections of ships registered in the region. Inspections of Ukrainian-flagged or Ukraine-linked ships fell 45.5% against the pre-war five-year average, and fell a further 21.1% after the Black Sea Grain Initiative ended in July 2023.
Fewer inspections signal ongoing war risk for Black Sea shipping, which keeps insurance and freight costs elevated. The direct effect on grain prices is modest.
panamamaritime.comwpamigoJun 19, 2024After 823 past logistics events, WHEAT moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +1.2%), and -0.1% over 20.
After 1,054 past logistics events, CORN moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.5%), and -0.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
