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Red Sea Risk Tankers and Gas VLCC

Chinese state giants pull VLCCs from Red Sea as safety trumps commercial gains

  • Cosco Shipping and China Merchants are withdrawing from Red Sea trade, prioritising safety over expected diplomatic privileges
  • Outbound tankers laden with Saudi crude secured Houthi clearance to leave, but inbound vessels have turned back or rerouted via the Cape of Good Hope
  • The pullback may foreshadow a broader reconfiguration of crude trade flows

  • News

Chinese state VLCC operators apply the same playbook to the Red Sea as they did to Hormuz: get out and wait it out

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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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