# What made the Black Sea a "leader" of freight rates decline? – BPG Shipping

> BPG Shipping's director discusses the Black Sea grain corridor, noting the agreement was extended 120 days with no decision yet on a one-year extension or adding Mykolaiv port. Recovery of the corridor is slower than expected, with JCC inspection delays and queues.

- Date: 2022-12-23 · published 2022-12-23T12:00:00.000Z
- Category: logistics · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/38132-what-made-the-black-sea-a-leader-of-freight-rates-decline-bpg-shipping
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Uncertainty over corridor renewal and slow inspections keep Ukrainian grain freight and export volumes constrained, supporting Black Sea wheat and corn prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-10-24 | [Freight rates in the Azov-Black Sea region are increasing \| Ukrainian and World Shipping News - Ukrainian Shipping Magazine - Ukrainian and World Shipping News](https://feedsoft.ai/events/39033-freight-rates-in-the-azov-black-sea-region-are-increasing-ukrainian-and-world.md) | -1.1% | -1.4% |
| CORN | 2023-07-29 | [Freight rates in the Azov-Black Sea region are increasing \| Ukrainian and World Shipping News - Ukrainian Shipping Magazine - Ukrainian and World Shipping News](https://feedsoft.ai/events/34952-freight-rates-in-the-azov-black-sea-region-are-increasing-ukrainian-and-world.md) | -11.7% | -13.2% |
| CORN | 2026-10-01 | [The freight divide: why Black Sea war strikes have pulled shipping rates far above the wider Atlantic Panamax market  - Fastmarkets](https://feedsoft.ai/events/16759-the-freight-divide-why-black-sea-war-strikes-have-pulled-shipping-rates-far.md) | -1.4% | -6.4% |
| CORN | 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) | +2.8% | +7.0% |
| CORN | 2026-03-10 | [Black Sea freight rates rise amid soaring bunker fuel prices](https://feedsoft.ai/events/20360-black-sea-freight-rates-rise-amid-soaring-bunker-fuel-prices.md) | +3.2% | +2.8% |
| WHEAT | 2022-10-24 | [Freight rates in the Azov-Black Sea region are increasing \| Ukrainian and World Shipping News - Ukrainian Shipping Magazine - Ukrainian and World Shipping News](https://feedsoft.ai/events/39033-freight-rates-in-the-azov-black-sea-region-are-increasing-ukrainian-and-world.md) | -0.6% | +1.5% |
| WHEAT | 2023-07-29 | [Freight rates in the Azov-Black Sea region are increasing \| Ukrainian and World Shipping News - Ukrainian Shipping Magazine - Ukrainian and World Shipping News](https://feedsoft.ai/events/34952-freight-rates-in-the-azov-black-sea-region-are-increasing-ukrainian-and-world.md) | +0.2% | -2.2% |
| WHEAT | 2026-10-01 | [The freight divide: why Black Sea war strikes have pulled shipping rates far above the wider Atlantic Panamax market  - Fastmarkets](https://feedsoft.ai/events/16759-the-freight-divide-why-black-sea-war-strikes-have-pulled-shipping-rates-far.md) | -3.1% | +1.1% |

## Sources

- apk-inform.com: https://www.apk-inform.com/en/exclusive/opinion/1531003

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