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Red Sea Risk Risk and Compliance Political Risk and Trade

Red Sea tanker transits surpass pre-Houthi crisis levels in rush to secure Saudi barrels

  • 379 crude oil tanker transits recorded in March, up 66% month on month
  • Dark transits surge as many tanker operators opt to disable AIS while sailing past Houthi-controlled territory
  • Tanker owners that have rerouted away from the Bab el Mandeb for years are returning

  • Analysis

Resurgence in crude oil tanker transits driven by Strait of Hormuz shutdown, but no evidence of a Red Sea revival as Bab el Mandeb traffic down 45% on 2023 volumes

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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