US EditionExclusive: First Chinese Supertanker Loads Saudi Crude via Red Sea, Bypassing Strait of Hormuz
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Exclusive: First Chinese Supertanker Loads Saudi Crude via Red Sea, Bypassing Strait of Hormuz
Exclusive: First Chinese Supertanker Loads Saudi Crude via Red Sea, Bypassing Strait of Hormuz - Dozens of tankers are rerouting to Saudi Arabia’s Yanbu port after attacks and insurance blackouts make the Strait of Hormuz too risky
Saudi Aramco Reroutes Crude to Yanbu Amid Hormuz Crisis, Faces Capacity Constraints
Saudi Aramco is diverting crude exports to the Red Sea port of Yanbu as the ongoing Middle East conflict shuts down oil flows through the Strait of Hormuz, a critical chokepoint for 14 million barrels per day (b/d) of Mideast Gulf shipments. The crisis, described by Aramco CEO Amin Nasser as the most severe the region’s oil and gas industry has ever faced, has forced Saudi Arabia and other Gulf producers to curtail production due to limited stor…
A supertanker owned by a Chinese state-owned company is sailing toward China with Saudi crude oil loaded at a Red Sea port, marking the first such shipment to bypass the Strait of Hormuz since the conflict in the Middle East made this important waterway dangerous for navigation. The Kai Jing, a VLCC (very large cargo tanker) operated by China Merchants Energy Shipping, listed on the Shanghai Stock Exchange, passed through the Bab el-Mandeb Strai…
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