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Market Chatter: Tanker Arrival Signals Possible Restart of CPC Loading Buoy

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A tanker has docked at Caspian Pipeline Consortium's Single Point Mooring 2 after nearly nine months out of service, signaling the loading buoy may be nearing a return to operations, Bloomberg reported Tuesday, citing Planet Labs satellite imagery.

SPM 2 is one of three loading buoys at the CPC terminal on Russia's Black Sea coast, which handles 80% of Kazakhstan's crude exports. A Ukrainian drone attack halted the buoy in November, while CPC began its planned replacement in May, the report added.

The tanker's arrival could signal final testing at SPM 2 ahead of a restart, as tankers typically flush loading lines before the buoy returns to service.

CPC did not immediately reply to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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