Published: · Region: Eastern Europe · Category: markets

Black Sea Tanker Attack Puts Russian Oil Exports and Greek Shipping Under Direct Fire

A Greek-operated Suezmax tanker carrying Russian oil was attacked near Russia’s main Black Sea loading hub, pushing commercial ship crews and insurers back onto the front line of the Ukraine conflict. The strike hits a vessel linked to the Caspian Pipeline Consortium after a weeks-long pause in such incidents, raising questions over how safe Black Sea export routes really are.

For crews working Russia’s export routes, the Black Sea is again less a shipping lane than a target zone. A Greek-operated Suezmax tanker, the Skiros, was attacked after loading Russian-origin crude at the Caspian Pipeline Consortium (CPC) terminal near Novorossiysk, according to reports on Sunday, in the first strike on a vessel that had called at the hub after nearly three weeks of relative quiet. The Skiros, capable of carrying around 1 million barrels of oil, was hit shortly after completing loading operations at the CPC facility, which lies on Russia’s Black Sea coast. CPC, which primarily handles Kazakh crude but also moves some Russian volumes, declined to comment, while…

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