Oil prices jumped more than 6 per cent on Thursday, with Brent crude rising above $107 a barrel amid growing concerns over disruptions to oil supplies as attacks on ships and oil tankers increase in…
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Oman’s Asyad Shipping has returned to HD Hyundai Heavy Industries for two more MR product tanker newbuildings, taking a charter-backed programme launched just two months ago to eight ships. The…
Houthi forces captured the Red Sea port city of Mocha after government-aligned National Resistance units withdrew, ending a decade of government control and pulling Iran-aligned forces to within…
Rapid advance of Iran-backed force threatens key alternative shipping route to Strait of Hormuz.
Houthi forces have reached the Yemeni town of Dhubab, directly on the Bab el-Mandeb Strait, following their seizure of the strategic Red Sea port city of Mocha. How the fall of Mocha ties Bab…
Shipping has always made money from risk. This week provided a particularly brutal demonstration of how quickly that risk can be repriced. The Strait of Hormuz dominated again, with the US-Iran…
Yemen’s Houthis have seized the strategic Red Sea port city of Mokha, bringing the Iran-backed group to within around 80 km of the Bab al-Mandab Strait. The capture was confirmed by Houthi and Yemeni…
The Morning Manifest
One briefing, every morning at 07:00 Riyadh time — the cargo and freight stories that matter across the Kingdom and the region.
