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Red Sea Risk Tankers and Gas Strait of Hormuz crisis

Two Cosco VLCCs transit Bab el Mandeb after securing Houthi clearance

  • Two Cosco VLCCs carrying Saudi crude transited the Bab el Mandeb after securing Houthi clearance, with a third China Merchants tanker now heading south
  • Chinese tankers heading to Yanbu to load remain in a holding pattern, suggesting negotiations for inbound vessels have yet to yield results
  • A China-linked shadow fleet VLCC, with a history of carrying Russian and Venezuelan crude, has also entered the Red Sea northbound

  • News

The Red Sea corridor remains open at least for outbound Chinese tankers, even as the Houthi blockade continues to choke Saudi-bound traffic

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