Amid escalating tensions in the Middle East and the U.S. and UK strikes on Houthi targets in Yemen overnight, the largest shipping and tanker industry groups are advising members to stay away from the Bab el-Mandeb Strait while shippers are diverting transit away from the Red Sea en masse again. In an advisory to its members, the International Association of Independent Tanker Owners (Intertanko), representing nearly 70% of all international oil, chemical, and gas tankers, said that tankers should “stay well away” from Bab el-Mandeb…
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