A recent trend of large oil tankers loading Russian crude via ship-to-ship (STS) transfers in the western Mediterranean looks set to continue, with another very large crude carrier (VLCC) arriving in the Alboran Sea yesterday.
The Elandra Everest is around 100km east of the Spanish enclave of Ceuta, circling close to its sister VLCC, the Elandra Denali, which is already loaded with around 1.5mn bl of Russian Urals. The Elandra Denali loaded the Urals via STS transfer with a brace of smaller tankers, the Elandra Angel and the Tigani.
Other smaller vessels carrying Russian crude are in the vicinity, including the Lipari which loaded 550,000 bl of Siberian Light at the Black Sea port of Novorossiysk around 8 April. Although shipping records show the Lipari as heading to Italy, it is now near the two VLCCs.
A further 800,000 bl of Urals is nearby on the Monterey, which loaded at the Baltic port of Ust-Luga and is circling slowly in the area. The Monterey is signalling arrival at Corinth where Greek refiner Motor Oil Hellas (MOH) has a 175,000 b/d refinery. MOH has not responded to queries on whether it plans to take the cargo, but it said earlier this month that it had cut Urals intake at Corinth to low levels before the war in Ukraine started.
Another VLCC, the Searacer, recently loaded around 2.1mn bl of Urals via STS transfers in the same area of the Mediterranean. It left on 10 April and is offshore Liberia on route to Saldanha Bay in South Africa.
The charterer of the three VLCCs is not clear. The Elandra Denali, Elandra Everest and the Elandra Angel are all operated by Latvia-based shipping firm LSC, a vessel management company of commodities trading firm Vitol. Vitol declined to comment when asked if it is chartering the tankers.
Other cargoes of Russian crude, both Urals and Arctic grades, are in the Mediterranean including shipments headed to Turkey and Malta, and a pair of cargoes about to discharge at Russian firm Lukoil's 320,000 b/d Priolo refinery on Sicily.

