|
Trending Topics
|
Oil Tankers Continue Red Sea Movements despite Houthi Attacks
(Reuters) Georgina Mccartney - Oil and fuel tanker traffic in the Red Sea was stable in December, even though many container ships have rerouted due to attacks by Iran-aligned Houthi militants, a Reuters analysis of vessel tracking data showed. The attacks have driven up shipping costs sharply along with insurance premiums, but have had less impact than feared on oil flows. Some oil companies like BP and Equinor are diverting cargoes to the longer route. A daily average of 76 tankers carrying oil and fuel were in the south Red Sea and Gulf of Aden in December, only two fewer than November's average.