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Weekly Red Sea Roundup

The Bunkering Redirection

There has been a 50% increase in bunkering operations in East Asia, a 40% rise in bunkering ship-to-ship (STS) engagements in Europe, and a corresponding 20% decrease in the Middle East, according to Windward’s Maritime AI™ platform’s analysis of container vessel bunkering between October 2023 and January 2024.   

A 77% Increase in Route Deviations?! 

Windward’s AI-powered insights show a 77% increase in route deviations in the Red Sea and Gulf of Aden by all vessels (January 24-February 4). Our data shows that the majority of the route deviations were conducted North of the Yemeni EEZ and East of the Gulf of Aden. 

There was a sharp 700%(!) increase in anchoring for over five hours in the North Suez port waiting area (January 27-28). This is noteworthy, because it might suggest that vessels are still avoiding entry to the Red Sea and staying in the Suez, which might create more congestion in the area and greater delays in the supply chain.

Don’t Forget About Russian Oil…

Red Sea and Suez Canal traffic is down 70%-80%. But more than 114 vessels that are marked as “High Risk” for Russia regimes took the route of Med –> Suez –> India/Asia during the past 60 days, according to Windward’s Maritime AI™ platform. 

While many major energy companies and carriers are sending vessels on the long route around the Cape of Good Hope, Russian oil seems to still be flowing in the Middle East. 

A report from Windward posted on February 15, 2024.


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