Red Sea disruptions boost HPHT Hong Kong volumes in H1 2024

The Red Sea region experienced an 85% drop in deep-sea port calls, from over 200 to under 40 per month, during January-June 2024.

Maritime experts are set to resume a delicate operation to salvage the Greek oil tanker Sounion, which remains on fire after being attacked by the Houthis.

Since shipping companies rerouted around Africa, Suez Canal traffic has dropped 66%, causing port congestion and supply chain disruptions, Maersk reports.

Private companies halted the Sounion oil tanker salvage in the Red Sea, deeming it unsafe, and are now seeking alternative solutions.

EUNAVFOR ASPIDES confirmed private companies are starting the salvage of the Greek oil tanker Sounion, attacked by the Houthis in the Red Sea.

Yemen’s Houthis will allow a tugboat to reach a burning Greek tanker Sounion, despite unclear ceasefire agreements and environmental concerns.