Russian STS ops off Greece affected after territory expansion

Chamber of Shipping > Blog > News > International > Russian STS ops off Greece affected after territory expansion

Greece has expanded its territorial waters from six to twelve nautical miles following agreements with Italy and Albania, impacting ship-to-ship (STS) operations for tankers, particularly those involving sanctioned Russian crude. Alex Glykas, CEO of Dynamarine, noted that this change has led tankers to relocate their STS operations outside the new boundary to avoid higher costs and regulatory compliance with European sanctions. This shift was particularly evident near Kalamata, previously a key logistics hub for transferring cargo from the Baltic and Black Seas to destinations like China, West Africa, and India. The practice, which often involved older and less-regulated tankers, posed significant safety and environmental risks and was critiqued at the International Maritime Organization.

Related Posts