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A Saudi-owned VLCC has been struck off Yanbu in the northern Red Sea, extending the Houthi campaign against Saudi shipping to one of the kingdom’s most important alternative crude export routes. The 320,926 dwt Amzan was hit around 63 nautical miles west of Yanbu on August 24. UK Maritime Trade Operations said an unknown projectile …
MSC is continuing its restoration of Suez Canal transits for selected east-west services, joining the Gemini Cooperation and Ocean Alliance in a cautious return to the Red Sea route. The move follows last week’s announcement that the world’s largest container shipping line would be sending seven ships through the waterway this month. It said on Monday: “Following a comprehensive review of the latest security and operational conditions in the Red Sea region, ... The post MSC schedules more east-west liner services for Suez Canal transit appeared first on The Loadstar .
While unfounded fears of higher tariffs helped drive what amounted to unexpected demand by anxious shippers this summer, other assorted geopolitical intrigue is keeping the container market on edge. Asia-U.S. West Coast prices increased 1% to $6,826 per forty foot equivalent unit (FEU), according to the latest Baltic Index from SONAR data contributor Freightos. Asia-U.S. East Coast prices were 2% higher, at $9,576 per FEU. Events that could pressure container traffic on the trans-Pacific are being closely watched. The United States is trying to tighten economic sanctions on countries doing bus
Red Sea Gateway Terminal (RSGT), Saudi Arabia’s leading terminal operator, and CMA CGM Group, a global player in sea, land, air and logistics solutions, yesterday signed definitive agreements to jointly develop and operate Terminal 4 at Jeddah Islamic Port, in collaboration with Saudi Ports Authority (Mawani), marking one of the largest foreign direct investments in ...
Red Sea crisis redux: Bab el Mandeb could be the next tanker chokepoint Lloyd's List
Tanker Rates for Red Sea-Loading Saudi Crude Plunge Crude Oil Prices Today | OilPrice.com
