US warns of potential threats in the Bab al Mandeb Strait

US warns of potential threats in the Bab al Mandeb Strait
Since 2024, the Iran-backed Houthis have posed a severe threat to maritime security around the Bab al-Mandeb Strait in response to Israel’s aggression on the Gaza Strip. The strait is another key conduit for cargo flows in the Gulf region. The militant group has...
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Tankers: VLCC Market Still Elevated

Tankers: VLCC Market Still Elevated
Clean LR2 The TC1 75kt MEG/Japan index went from WS383 to WS411 this week. A voyage west also saw the TC20 90kt MEG/UK-Continent index climb a little to $7.32 million (+$78,100). The TC15 80kt Mediterranean/East index rose by $1.38 million to $9.98 million this week...
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