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Russia’s Sovcomflot Considers Red Sea Diversion

OIL

Russia’s Sovcomflot is considering diverting its tankers away from the Red Sea using alternative shipping routes in case of further escalations in the region, while vessels are for now still sailing via the Red Sea, the firm said, cited by Tass.

  • "Due to the escalation of hostilities in the region, it is currently impossible to predict whether the company will continue to operate there on an ongoing basis," the firm said.
  • "The company is closely monitoring the development of the situation [in the Red Sea] and assessing the risks. If necessary, alternative routes are being developed for vessels."
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