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Russian Ship-to-Ship Transfers Move Back Towards Greece

OIL
Energy BulletsHomepagemarkets-real-timeBulletCommodities

Russian tankers have moved back to oil transfers in the Laconian Gulf off Greece now that Greek naval drills have come to an end.

  • The drills had been going throughout May and numerous reports said the drills had been aimed at deterring the Russian ship-to-ship transfers.
  • When Greece first announced the drills, tankers quickly evacuated the area, gathering to the south instead.
  • It’s not clear what pushed Greece to take a more sensitive approach to the practice that has been going on for a significant period of time.
  • Russia use STS transfers to fill larger vessels, mainly bound for the long transit to Asian markets.
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Russian tankers have moved back to oil transfers in the Laconian Gulf off Greece now that Greek naval drills have come to an end.

  • The drills had been going throughout May and numerous reports said the drills had been aimed at deterring the Russian ship-to-ship transfers.
  • When Greece first announced the drills, tankers quickly evacuated the area, gathering to the south instead.
  • It’s not clear what pushed Greece to take a more sensitive approach to the practice that has been going on for a significant period of time.
  • Russia use STS transfers to fill larger vessels, mainly bound for the long transit to Asian markets.