Shipping-routes

Dark clouds of war appear to be gathering over the Middle East once again. On one side is the Iran US conflict. On the other is the rapid military advance of the Houthis in Yemen. Amid these two crises, the biggest concern now is one of the world’s most important waterways, the Bab al-Mandab Strait. The Iran backed Houthis achieved a major territorial gain on Friday after only a few days of operations along Yemen’s Red Sea coast. Saudi backed Yemeni government forces retreated after 18 ho...

Several liquefied natural gas (LNG) carriers have crossed the Strait of Hormuz in recent days despite rising tensions in the Middle East. However, vessel-tracking data show that overall daily maritime traffic has declined. According to data from vessel-tracking firms, at least 22 Japan-linked ships have left the Gulf region since Tuesday. Shipping companies and governments are closely monitoring the situation in the Strait of Hormuz following attacks on Iranian commercial vessels and ret...