Incidence - Recently within this week, two Greek-operated oil tankers were struck by drones while sailing toward a terminal on Russia’s Black Sea coast, including one vessel chartered by U.S. energy giant Chevron. There has no reported causalities.
Impact - In response, Greece’s shipping ministry has formally warned its fleet to reassess and reinforce security measures for any ships operating in or near the Black Sea, particularly those heading to Russian ports such as Novorossiysk or Taman.
The advisory stresses that shipping companies, vessel masters, and onboard security teams should update their threat assessments, increase vigilance, and take all possible precautions, including reducing non-essential movement on deck and enhancing internal protocols.
Rising insurance costs and industry reaction
One immediate consequence of these incidents is a sharp increase in war insurance premiums for vessels entering the Black Sea region, reflecting the heightened perception of risk among underwriters and operators.
Black sea importance in maritime industry
The Black Sea is a crucial maritime crossroads. Greek-flagged and Greek-managed tankers account for a significant portion of global oil and petroleum product movements, linking producers in Russia, Kazakhstan, and other nations with markets across Europe, Asia, and beyond.
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