# Grain ship lightly damaged off Ukraine, likely hit sea mine - sources

> A Liberia-flagged bulk carrier laden with wheat was lightly damaged off Ukraine, likely after hitting a floating sea mine, according to maritime sources. War-risk insurance premiums have risen to as much as 3% of vessel value after a missile hit a merchant ship at Pivdennyi.

- Date: 2023-11-17 · published 2023-11-17T12:00:00.000Z
- Category: logistics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/14350-grain-ship-lightly-damaged-off-ukraine-likely-hit-sea-mine-sources
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Rising war-risk premiums and mine hazards raise freight and insurance costs for Black Sea grain, supporting wheat and corn prices. Repeated incidents could deter ship calls and tighten nearby export supply.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲
- OCEANFRT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2023-11-20 | 1 | +3.6% | 3.0 | A wheat-laden ship hit a probable sea mine off Ukraine and war-risk premiums rose, which raises Black Sea supply-risk sentiment shortly before the 20 Nov move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-03-16 | [Ukraine: in the second week of March, the seaports halved grains shipments](https://feedsoft.ai/events/53985-ukraine-in-the-second-week-of-march-the-seaports-halved-grains-shipments.md) | -3.2% | -5.5% |
| WHEAT | 2018-12-05 | [Caught in Russia-Ukraine storm: a cargo ship and tonnes of grain](https://feedsoft.ai/events/61439-caught-in-russia-ukraine-storm-a-cargo-ship-and-tonnes-of-grain.md) | -0.1% | +1.5% |
| WHEAT | 2019-06-11 | [Ukraine: in the first week of June, the seaports halved grain shipment volumes](https://feedsoft.ai/events/58443-ukraine-in-the-first-week-of-june-the-seaports-halved-grain-shipment-volumes.md) | -4.7% | -8.3% |
| WHEAT | 2024-02-02 | [Weekly highlights - What the Red Sea shipping disruptions mean for grain prices - Graintab](https://feedsoft.ai/events/31561-weekly-highlights-what-the-red-sea-shipping-disruptions-mean-for-grain-prices.md) | -1.6% | -8.9% |
| WHEAT | 2026-06-29 | [Black Sea freight strengthens ahead of grain season \| Ukrainian and World Shipping News - Ukrainian Shipping Magazine - Ukrainian and World Shipping News](https://feedsoft.ai/events/16851-black-sea-freight-strengthens-ahead-of-grain-season-ukrainian-and-world.md) | +0.6% | +4.4% |
| CORN | 2020-03-16 | [Ukraine: in the second week of March, the seaports halved grains shipments](https://feedsoft.ai/events/53985-ukraine-in-the-second-week-of-march-the-seaports-halved-grains-shipments.md) | -4.7% | -5.7% |
| CORN | 2019-07-01 | [Ukraine: in the fourth week of June, the seaports decreased grain shipment volumes](https://feedsoft.ai/events/57944-ukraine-in-the-fourth-week-of-june-the-seaports-decreased-grain-shipment-volumes.md) | +1.3% | +0.2% |
| CORN | 2019-06-11 | [Ukraine: in the first week of June, the seaports halved grain shipment volumes](https://feedsoft.ai/events/58443-ukraine-in-the-first-week-of-june-the-seaports-halved-grain-shipment-volumes.md) | +6.2% | +3.2% |

## Sources

- reuters.com: https://www.reuters.com/world/europe/grain-ship-lightly-damaged-off-ukraine-likely-hit-sea-mine-sources-2023-11-17/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.