With demand on the corridor continuing to outstrip available capacity constrained by the Middle East war, any resumption of hostilities would keep upward pressure on rates.
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By Timour Azhari RIYADH, July 27 (Reuters) - Yemen's Houthi Movement aims to replicate Iran's Hormuz Strait strategy in the Red Sea by disrupting shipping in the Bab el-Mandeb and hasbeen emboldened…
Yemen's Houthi rebel faction claims to have ramped up its attacks on Saudi energy exports through the use of drone strikes on inland infrastructure. "...
Saudia Cargo has launched a new scheduled Riyadh–Melbourne freighter route, operated by a Boeing 747-400F with more than 100 tonnes of capacity and nose-loading capability for heavy, oversized and…
An Asia-bound supertanker carrying Saudi oil has exited the Red Sea via the longer Suez Canal route while other vessels continue to risk the Bab el-Mandeb Strait, as Houthi threats heighten…
Maersk will introduce a temporary Emergency Inland Fuel/Energy Surcharge for inland shipments across the Nordic region, citing higher fuel costs linked to the evolving situation in the Middle East.…
The price of crude is not reflective of the supply reality in the Middle East, and based on crude trade data, the runway left for this crude reality can be felt by the U.S. midterms.
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