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Asia-Bound Tanker Exits Red Sea Via Suez as Others Risk Strait

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Asia-Bound Tanker Exits Red Sea Via Suez as Others Risk Strait An Asia-bound supertanker carrying Saudi oil has exited the Red Sea via the longer Suez Canal route while other vessels continue to risk the Bab el-Mandeb Strait, as Houthi threats heighten uncertainty in the region. The very large crude carrier Olympic Luck transited the Suez Canal partially laden with Saudi crude into the Mediterranean Sea late Sunday, according to data from market intelligence firm Kpler. Shipping fixtures...

Asia-Bound Tanker Exits Red Sea Via Suez as Others Risk Strait An Asia-bound supertanker carrying Saudi oil has exited the Red Sea via the longer Suez Canal route while other vessels continue to risk the Bab el-Mandeb Strait, as Houthi threats heighten uncertainty in the region. The very large crude carrier Olympic Luck transited the Suez Canal partially laden with Saudi crude into the Mediterranean Sea late Sunday, according to data from market intelligence firm Kpler. Shipping fixtures seen by Bloomberg indicate the vessel, which is Greek owned, is now heading to an unspecified destination in Asia after switching from Europe.
Asia (LOCATION) Saudi (ORG) Red Sea (LOCATION) Suez Canal (LOCATION) Houthi (ORG) the Suez Canal (LOCATION) the Mediterranean Sea (LOCATION) Kpler (PERSON) Bloomberg (ORG) Greek (ORG) Europe (LOCATION)
Originally published by Bloomberg Markets Read original →