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VLCCs avoid Red Sea strait as Houthi threats boosts rates amid rising shipping risks

21 SEP 2026 · 1000Z

Large tankers have steered away from the Bab al-Mandab Strait amid intensifying Houthi military advances and attacks on Saudi energy infrastructure, supporting oil shipping rates while other types of commercial ships show more willingness to tolerate Red Sea transit risks. Earli…

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Indexed Sep 21, 10:00 UTC · Hellenic Shipping News

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