Most VLCC loadings directed northbound in Red Sea: DHT Holdings
AI Summary
DHT Holdings reports that most Very Large Crude Carrier (VLCC) loadings in the Red Sea are being redirected northbound due to threats posed by the Houthi insurgent group. This rerouting, including through the Mediterranean and Suez Canal, is causing inefficiencies in tanker markets.
The Houthi threat in the Red Sea is seeing the rerouting of tanker flows via the Med and Suez adding to market inefficiencies
Politics Markets Commodities Shipping Red Sea VLCC DHT Holdings Houthi threat tanker flows Suez Canal market inefficiencies