Saudi SABIC shipments via Red Sea unaffected by Mideast conflict

🇸🇦 Hellenic Shipping News (SA) —

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Saudi petrochemical company SABIC reports that its shipments via the Red Sea remain unaffected by the ongoing Middle East conflict. SABIC is relying on supply-chain flexibility and alternate export routes despite a $102 million net loss in Q2 due to Hormuz Strait closure and related disruptions.

Saudi petrochemical giant SABIC does not currently see any impact on shipments via the Red Sea and is relying on supply-chain flexibility and alternative export routes to navigate trade disruptions amid the US-Iran conflict in the Middle East. • SABIC Q2 incurs $102 million adjusted net loss on Hormuz closure, related supply chain shocks • ...

World Security Conflict Politics Commodities Shipping SABIC Saudi Arabia Red Sea shipments Middle East conflict Hormuz Strait closure supply chain net loss

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