Red Sea Risk
As attacks on commercial shipping 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
Some ships trapped in Gulf skimping on war risk cover
Owners see high premiums as unaffordable for idle vessels
Iranian coast blockade to lift April’s Red Sea crude loadings to new highs
Tanker rates could stay elevated with additional war risk premiums and reduced tanker availability with a US Gulf repositioning en masse
Hormuz ceasefire spurs cautious optimism but no rush for the exit
Shipping companies have met news of a two-week ceasefire between the US and Iran with cautious optimism, but no rush for the exit yet, vessel-tracking data shows
Asian tanker flows face disruption even with favourable war outcome
Asian crude oil imports have already taken a hit from the ‘largest supply disruption in the history of the global oil market’
The Week in Charts: Another Dynacom tanker transits Hormuz | Grain‑linked Iran traffic resumes as Hormuz access limited to ‘friendly’ ships
Lloyd’s List’s weekly showing of the data and figures behind our news, analysis and markets coverage
Houthis see no reason to ‘prevent’ Yanbu VLCC trade ‘at present’
The Houthis tell Lloyd’s List that they are well aware of the booming tanker business out of Yanbu and ‘there’s no cause for concern’. Nevertheless, the situation changes by the day, if not the hour, and concerns about disruptions to this suddenly crucial Red Sea trade are rising
Yanbu loading risk rises as Iran targets energy infrastructure
Exports from the Saudi port of Yanbu in the Red Sea are increasingly important to the VLCC market. Iran’s targeting of Yanbu’s refinery and port on Wednesday points to heightened shipping risk. There is also concern that the Houthis could renew their attacks
‘Cowardly to send our vessels through’ Hormuz despite huge profits says d’Amico’s di Mottola
Red Sea refined product loadings are set to increase while avoiding Bab el Mandeb, says di Mottola in an interview with Lloyd’s List after d’Amico’s FY2025 earnings release
Red Sea tanker loadings rise as Aramco ramps up pipeline contingency
Operating costs for liftings from the Middle East are expected to remain firm on the back of elevated insurance rates, forcing owners to weigh risk versus reward on Middle East voyages
The Week in Charts: Traffic trickles through Strait of Hormuz | Liner exodus accelerates as Middle East services crippled
Lloyd’s List’s weekly showing of the data and figures behind our news, analysis and markets coverage
Cargo capacity will remain strong despite Middle East escalation
London market specialists say surplus capacity remains despite rising geopolitical risk following US-Israel strikes on Iran, though rates may shift as the situation develops
Red Sea return dashed by war in Middle East
Bab el Mandeb traffic is tracking below-average levels since the security situation deteriorated, but more time is needed to fully understand how the conflict will impact routing decisions
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