Dynacom

The Houthi blockade of the Red Sea is disrupting both the Bab el-Mandeb Strait and Strait of Hormuz, key oil export routes, forcing tankers to take longer Suez Canal routes and increasing transport costs. While immediate production losses are not expected, Asian refiners face logistical challenges, and shipowners like Greece’s Dynacom are capitalizing on higher-risk, high-reward oil shipments.

Greek tanker operator Dynacom is preparing vessels for a potential opening of the Hormuz strait. The company has positioned six ships near the strait, which has seen limited transit since an ongoing conflict.