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Tanker transits plunge 20% in Red Sea: Lloyd’s List

February 7, 2024

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New data from Lloyd’s List Intelligence shows an acceleration of tankers diverting away from the Red Sea. Since Jan. 12, when the first of three U.S.-led military strikes began on Houthi land targets, more than 106 tankers have changed routes to avoid the area.

Lloyd’s List is tracking the rapid drop in transits of tankers and bulk vessels through the Gulf of Aden and the Red Sea. Lloyd’s List Intelligence vessel tracking data recorded a 40% week-on-week (w/w) drop in crude tankers transiting the Bab el-Mandeb strait the week ending Feb. 4. The average daily number of active vessels in the Red Sea last week was 212, down from about 229 the week prior and from 373 last year.

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