More oil-carrying ships steer clear of the Red Sea route

 More oil-carrying ships steer clear of the Red Sea route

Vessel monitoring data on Friday shows that two ships carrying oil or oil products from the US Gulf coast to India are rerouting via the Red Sea due to fears of strikes by Houthi terrorists in Yemen. The ships are part of the US-led coalition. Safeguarding the ships is the aim.

Vessel monitoring data on Friday shows that two ships carrying oil or oil products from the US Gulf coast to India are rerouting via the Red Sea due to fears of strikes by Houthi terrorists in Yemen. The ships are part of the US-led coalition. Safeguarding the ships is the aim.

According to vessel monitoring data, at least two ships carrying oil or oil products between the US Gulf coast and India were rerouting via the Red Sea on Friday as the US-led coalition battles Houthi strikes in Yemen. prepared to assist in defending ships. radical.

The Houthis, who are supported by Iran and claim to be assisting the Palestinians who are under Israeli blockade in the Gaza Strip, have used drones and missiles to target commercial shipping, forcing vessels to reroute and obstruct extensive routes around the southernmost point of Africa. have felt compelled to go this path.

According to ship monitoring data from finance company LSEG, the Azorgis went aground at the Cape of Good Hope on Africa's east coast on Friday. The ship was hired by BP (BP.L) to transport vacuum gasoil (VGO) from Jamnagar, India, to Texas. was moving in that direction.

In the past, BP shipped its VGO cargoes from Jamnagar via the Red Sea. The new route lengthens the travel time from India to the US Gulf Coast by nine days. VGO is a feedstock used in refining to make diesel and gasoline.

A representative for BP pointed to a previous statement on the company's choice to reroute the ships but refused to comment on Ezorgis. The business said on Tuesday that it will route ships around the Cape of Good Hope and steer clear of the Red Sea.

According to LSEG monitoring data, the Sonangol Cabinda, which Equinor (EQNR.OL) contracted to transport oil from Texas to India, turned around 180 degrees in the middle of the Red Sea on Thursday and was sailing via the Suez Canal into the Mediterranean. has shown.

The US claimed that 20 nations were a part of the naval alliance that was unveiled last week. While some have said that activities would occur in accordance with current naval agreements to safeguard Red Sea commercial traffic, others have not confirmed their involvement. For those who are still staying away from the industry, the absence of useful information for shippers has caused uncertainty.

A representative for Equinor said on Tuesday, "We have also stopped new activities, including transit through the region." According to the spokeswoman, ships are now stopping or diverting in the region.

Due to the forced diversions caused by the Houthi strikes, an excessive number of ships are now approaching the seas of numerous African ports.

According to Jay Maru, an analyst at energy data company Vortexa, "the war a risk premium for tankers traveling around the Red Sea has been rising recently, making the long-range (Cape of Good Hope) route slightly lower for charterers." "May be a harsh tablet."

In order to avoid the Red Sea, a large number of tankers sailing from ports east of Suez toward non-US locations have also rerouted or diverted. According to LSEG data, another tanker that was diverted was Bo Olympus, which was chartered by Equinor. On December 10, the tanker left the US Gulf Coast and took a different path, turning 90 degrees as it crossed the Atlantic Ocean in search of Suez and arrived in Durban, South Africa.

Meanwhile, LSEG shipping data indicates that the BP-chartered Almi Globe has also reversed course in the Mediterranean. Up until Thursday, the ship was bound for Suez; nevertheless, it ultimately arrived in Las Palmas, Spain.