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Turkey Urges Black Sea Energy Safeguards as Insurers Raise Rates After Tanker Strikes

Ankara is boosting surveillance following tanker attacks.

FILE - An oil tanker is moored at the Sheskharis oil and petroleum complex on the Black Sea port of Novorossiysk, Russia, Oct. 11, 2022. (AP Photo, File)
A serviceman in Ukraine's coast guard mans a gun on a patrol boat as a cargo ship passes by in the Black Sea, February 7, 2024. REUTERS/Thomas Peter/File Photo
Turkish Energy Minister Alparslan Bayraktar speaks during a session of the Russian Energy Week international forum in Moscow, Russia, October 15, 2025. REUTERS/Ramil Sitdikov/File Photo
Turkish Foreign Minister Hakan Fidan speaks during a press conference after a ministerial meeting on Gaza, in Istanbul, Turkey, November 3, 2025. REUTERS/Murad Sezer

Overview

  • War-risk premiums for Black Sea voyages have jumped to roughly 0.6%–1% of ship value with daily policy reviews after recent attacks on Russia-linked tankers.
  • Turkey’s Energy Minister called on all parties to keep pipelines and other facilities out of the conflict and stressed uninterrupted flows through routes such as the CPC pipeline.
  • Turkey discussed Black Sea safety with NATO, condemned strikes in its exclusive economic zone, and the Defense Ministry announced enhanced naval and air surveillance and Mine Countermeasures Group activity.
  • Besiktas Shipping halted all Russia-related voyages after its tanker Mersin suffered four external explosions off Dakar, reporting no injuries or pollution.
  • Ukraine acknowledged a naval-drone strike on two empty tankers bound for a Russian port, denied involvement in a separate hit on the Midvolga 2 off Turkey, and Russia threatened tougher action against Ukrainian facilities and vessels.