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
Fires nearly out on burning Sounion
Salvors boarded the stricken tanker in September once it was finally towed to safety more than three weeks after it was first attacked
Houthis resume shipping attacks amid concerns over Russian missile support
Houthis ended a month-long lull in attacks by targeting what they erroneously describe as a ‘British oil ship’. The haphazard targeting has further fuelled fears that rumoured Russian missiles could be about to increase the risk for ships beyond the Red Sea
Saudi ports bear brunt of lines’ Red Sea contingency plans
Carriers’ dual east-west trade offerings for 2025 show Jeddah and King Abdullah as the ports that stand to lose the most from sustained rerouting around the Cape of Good Hope
Industry issues updated Red Sea transit guidelines
The Joint Industry Security Group of shipping industry associations has released ‘industry transit advice’ on Red Sea transits. No Houthi attacks have been reported to the UKMTO during the past two weeks, although the militants attempted to strike central Israel in the early hours of Friday
Red Sea crisis remains chief driver of containership demand growth says BIMCO
BIMCO expects weaker containership demand in 2025 due to falling cargo volumes; however, its outlook differs, depending on the duration of Red Sea avoidance
First tanker arrives in Houthi-controlled Hodeidah port since July air strikes
A 14,895 dwt combined chemical and oil tanker has moored at the port of Hodeidah, the first vessel set to discharge at the Houthi-controlled port since Israeli air strikes destroyed much of the its fuel storage infrastructure in July
Two injured as drone hits Israel’s Eilat port
A UAV that was launched from Iraq exploded in Israel’s Eilat port, causing light injuries to two individuals, local media reported. Another drone that was launched at the Red Sea city was intercepted
Red Sea rates party ends for medium-range tankers in Pacific
Poor refinery margins, falling oil demand in China and contracting global consumption of diesel and gasoil have added to supplies and eroded all rate gains from Red Sea diversions for medium-range tankers in the Pacific
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