Hormuz Cargo Volumes Down More Than 90% After Six Months of Conflict
Cargo volumes through the Strait of Hormuz have fallen by more than 90% after six months of Middle East conflict, with 88 vessel attacks recorded since March and UAE box throughput down 65% year on year.
MSC Tests Suez Transits as Container Volumes Rise on the Corridor
MSC has sent seven eastbound vessels through the Suez Canal and Bab el Mandeb in two weeks, as Maersk and Hapag-Lloyd return services to a corridor CMA CGM never fully left.
Houthis Push for the Red Sea Coast as Fighting Spreads in Yemen
Houthi forces are attacking south of Hodeidah in an attempt to reach the Red Sea coast, striking coastal shipping and port facilities while merchant traffic through the southern Red Sea holds up.
Tanker With Russian Naphtha Turns Back From Bab El-Mandeb And Sails Round Africa
A Panama-flagged tanker carrying Russian naphtha attempted to pass through the Bab el-Mandeb strait in the final week of July before changing course to sail around Africa instead, according to trade sources and ship-tracking data.
Brent Climbs 24 Percent In July As Chokepoint Disruption Reprices Oil
Brent crude rose 24 percent in July and WTI gained 21 percent as tanker disruption in the Strait of Hormuz and threats in Bab el-Mandeb pushed shipping data to the centre of oil price formation.
Houthis Deny Plan To Charge Ships For Red Sea Transit
Yemen's Houthi movement has denied that it is planning to charge vessels for passage through the Red Sea, insisting that transit remains free.
Saudi Arabia Leads Fourteen Nations In New Red Sea Defence Alliance
Saudi Arabia and thirteen other states have declared a new maritime defence alliance to protect shipping through the Bab el-Mandeb Strait, the Red Sea and the Gulf of Aden, with a permanent headquarters in the kingdom.
Houthis weigh toll system for Bab el-Mandeb transits
Yemen's Houthis are studying a scheme to charge commercial ships for passage through Bab el-Mandeb.
Houthis strike fourth Saudi-linked tanker since declaring blockade
The group targeted the chemical and products tanker NCC Ghazal with ballistic missiles, keeping pressure on the Red Sea despite a partial traffic recovery.
Iran reportedly asks Houthis to ready Bab el-Mandeb closure
Reports say Iran has asked Yemen's Houthi movement to prepare to close the Bab el-Mandeb Strait if the United States attacks Iranian power infrastructure.
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