Supertankers head to Sidi Kerir to load Saudi crude

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Supertankers head to Sidi Kerir to load Saudi crude
World

Bloomberg Business

Empty supertankers are moving to Egypt's Mediterranean port of Sidi Kerir to collect Saudi crude after observable traffic at the kingdom's key Red Sea export hub dwindled following threats from Houthi militants. At least eight very large crude carriers are signaling Sidi Kerir and are set to arrive, showing a concrete rerouting of vessels away from the Red Sea. This operational shift is an immediate response to security threats and could affect shipping routes, port workloads and export logistics, with potential implications for timing, costs and regional transit patterns if the diversion persists.

At least eight VLCCs are diverting to Sidi Kerir for Saudi crude

Context

Threats from Houthi militants reduced traffic at a Red Sea export hub. As a result, empty supertankers are moving to Sidi Kerir. More ships may arrive at Mediterranean ports next.

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