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Red Sea Risk

As attacks on commercial shipping to continue in the Red Sea, Lloyd's List offers the latest insight, analysis and commentary on how the crisis is impacting shipping markets and global trade

 

Latest News & Analysis

Red Sea crisis deals blow to Piraeus’ standing as East Med’s transhipment king

Lloyd’s List Intelligence data shows calls of larger tonnage, 10,000 teu and above, at Piraeus have more than halved since mid-December, when carriers began Red Sea rerouting. The port’s container throughput also sustained a double-digit drop in January

Red Sea Risk Containers

Rubymar owners defy Houthi threats in final bid to save sinking bulker

The heavily damaged, listing and leaking bulker Rubymar will be towed to either Aden or Jeddah, regardless of Houthi threats to block operations. “If we don’t tow it now it will sink,” says ship’s chartering broker

Red Sea Risk Casualty

Tentative signs of growth in Red Sea transits despite attacks

A second consecutive week of positive growth in vessels transiting the Bab el Mandeb suggests that Red Sea traffic is starting to stabilise despite continuing attacks targeting ships

Red Sea Risk Tankers and Gas

Costs mount as UN’s FSO Safer operation remains on hold in Yemen

Mounting insurance and salvage costs have left a funding shortfall for the UN agencies, which are unable to complete the operation until some semblance of security can be restored in the Red Sea

Red Sea Risk Tankers and Gas

Houthis target US-flagged ship as coalition forces carry out fresh strikes

The Houthis twice targeted the US-flagged Torm Thor on Saturday as the US and UK forces carried out another round of air strikes against the militants. USS Mason intercepted the first missile launched at the Torm tanker, while a second one landed in the water hours later, US Central Command said

Red Sea Risk Tankers and Gas

The week in charts: US ghost ship in Novorossiysk | Falls in Red Sea ship traffic stabilise | Record US-Europe crude flows | Ship recycling sector bogged down

Marad tanker scrapped in 2021 pings AIS from Russian port, feeder boxships fill void of larger tonnage in the Red Sea, and high freight rates across all sectors sees owners shy away from recycling ageing ships

Week in Charts Red Sea Risk

More CMA CGM vessels transiting Bab el Mandeb

CMA CGM sent at least one vessel through the Bab el Mandeb over the weekend. Another has shut off its AIS tracker, while a third is scheduled later this week

Red Sea Risk Containers

Shippers call for transparency over Red Sea surcharges

Costs for taking the long route around the Cape of Good Hope are higher. But it is unclear why surcharges appear much higher than actual costs

Red Sea Risk Containers
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