South Korean Oil Tanker Takes Red Sea Detour

The South Korean Ministry of Oceans and Fisheries has announced that a 19th South Korean oil tanker is currently transporting crude oil from Saudi Arabia to South Korea via the Red Sea. This shipment is the latest in a series of 19 such operations since the closure of the Strait of Hormuz at the end of February.

Previously, South Korean oil tankers had been loading crude at Yanbu Port in the Red Sea and shipping it to South Korea through the southern Bab el-Mandeb Strait. However, due to increasing military tensions between Saudi Arabia and Houthi rebels operating out of Yemen, the route was changed in mid-August to avoid the riskier Bab el-Mandeb Strait.

To stay safe, the vessel opted to take a longer route that involves passing through the Suez Canal and sailing around the southern tip of Africa. This detour significantly increases the journey time compared to previous routes that avoided the Bab el-Mandeb. Consequently, the logistics and transportation costs for both the shipping companies and cargo owners have also risen.

The Ministry of Oceans and Fisheries emphasized that the decision to take the detour was made autonomously by the shipping company and cargo owner, with the understanding that it would entail higher costs to prioritize safety. As the closure of the Strait of Hormuz persists, it is anticipated that such detour shipments will continue to ensure a stable domestic supply of crude oil.

So far, a total of 19 South Korean vessels have successfully transported crude oil through the Red Sea since this route began being used. The government remains vigilant, continuously monitoring vessel safety and managing the situation to prevent any disruption to the crucial crude oil supply.