# Insurance for vessels calling at Russian Black Sea ports has increased in price by up to 10% of the vessel's cost

> War-risk insurance for ships entering Russian Black Sea ports has risen to about 10% of a vessel's value, versus 0.25-0.35% before 2022. Lloyd's treats the area as dangerous, so most ships cannot obtain standard cover, and the state-backed Russian National Compensation Pool can insure only about 50-70 vessels at a time.

- Date: 2026-11-12 · published 2026-11-12T12:12:14.716Z
- Category: logistics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/95432-insurance-for-vessels-calling-at-russian-black-sea-ports-has-increased-in-price
- 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

Adding roughly $67 per tonne to freight makes Russian grain less competitive on world markets, and analysts say exports will stay constrained until insurance falls to around 2%, which supports wheat and corn prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-10-23 | [Even an elevenfold increase in Baltic port shipments fails to offset Russia’s loss of Black Sea export capacity](https://feedsoft.ai/events/14077-even-an-elevenfold-increase-in-baltic-port-shipments-fails-to-offset-russia-s.md) | -0.6% | — |
| WHEAT | 2026-10-22 | [Russian grain exports collapse fourfold as Black Sea ports stall](https://feedsoft.ai/events/14076-russian-grain-exports-collapse-fourfold-as-black-sea-ports-stall.md) | -0.7% | — |
| WHEAT | 2026-10-09 | [As Black Sea routes stall, Russian Baltic ports ramp up grain capacity by 170 per cent \| World Ports Organization](https://feedsoft.ai/events/14079-as-black-sea-routes-stall-russian-baltic-ports-ramp-up-grain-capacity-by-170.md) | +4.0% | +4.0% |
| WHEAT | 2026-07-28 | [Ukraine: suspension of shipping to Black Sea ports and the associated risks \| OSW Centre for Eastern Studies](https://feedsoft.ai/events/14099-ukraine-suspension-of-shipping-to-black-sea-ports-and-the-associated-risks-osw.md) | -0.3% | +4.8% |
| WHEAT | 2026-02-24 | [Russian wheat prices hold as storms snarl Black Sea shipments \| World Ports Organization](https://feedsoft.ai/events/14137-russian-wheat-prices-hold-as-storms-snarl-black-sea-shipments-world-ports.md) | +0.6% | +0.4% |
| CORN | 2026-10-23 | [Even an elevenfold increase in Baltic port shipments fails to offset Russia’s loss of Black Sea export capacity](https://feedsoft.ai/events/14077-even-an-elevenfold-increase-in-baltic-port-shipments-fails-to-offset-russia-s.md) | -0.6% | — |
| CORN | 2026-10-22 | [Russian grain exports collapse fourfold as Black Sea ports stall](https://feedsoft.ai/events/14076-russian-grain-exports-collapse-fourfold-as-black-sea-ports-stall.md) | -1.2% | — |
| CORN | 2024-03-25 | [Freight rates for the transportation of grain from Ukrainian ports have increased \| Ukrainian and World Shipping News - Ukrainian Shipping Magazine - Ukrainian and World Shipping News](https://feedsoft.ai/events/31096-freight-rates-for-the-transportation-of-grain-from-ukrainian-ports-have.md) | -4.9% | -6.9% |

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/strahuvannya-suden-dlya-zahodu-v-chornomorski-porti-rf-podorozhchalo-do-10-vartosti-sudna.html

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