Delays for oil tankers passing through the Turkish Straits have climbed to about 12 days for a round trip to the Black Sea, up from about seven days last week, as winter
Delays for oil tankers passing through the Turkish Straits have climbed to about 12 days for a round trip to the Black Sea, up from about seven days last week, as winter storms, heightened security risks and shorter daylight hours snarl traffic, traders said and Riverlake data in LSEG showed.
The congestion, which last exceeded 12 days in February, is being compounded by intensified security checks following recent attacks on tankers carrying Russian oil and strikes on port infrastructure in Novorossiysk, traders added.
On Wednesday, Ukrainian naval drones hit and disabled a tanker from Russia’s shadow fleet as it sailed through Ukraine’s exclusive economic zone en route to Novorossiysk, a Ukrainian official said. Earlier this month, several vessels involved in Russian goods transportation were damaged in the Black Sea amid increased military action.
Turkey’s Foreign Minister Hakan Fidan warned that attacks on Russia-linked tankers in recent days threatened the safety of all shipping in the region.
The Bosphorus and Dardanelles straits, connecting the Black Sea and the Mediterranean, are a key export route for crude from Russia, Kazakhstan and Azerbaijan. Dry commodities also transit the narrow waterways.
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