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Dry Bulk Freight Index2,725 +0.4%Capesize4,198 +2.0%Dirty Tanker Index2,532 +1.2%Panamax2,064 -2.6%Supramax1,702 -0.8%Clean Tanker Index1,352 +0.7%Handysize905 +0.2%Dry Bulk Freight Index2,725 +0.4%Capesize4,198 +2.0%Dirty Tanker Index2,532 +1.2%Panamax2,064 -2.6%Supramax1,702 -0.8%Clean Tanker Index1,352 +0.7%Handysize905 +0.2%Dry Bulk Freight Index2,725 +0.4%Capesize4,198 +2.0%Dirty Tanker Index2,532 +1.2%Panamax2,064 -2.6%Supramax1,702 -0.8%Clean Tanker Index1,352 +0.7%Handysize905 +0.2%Dry Bulk Freight Index2,725 +0.4%Capesize4,198 +2.0%Dirty Tanker Index2,532 +1.2%Panamax2,064 -2.6%Supramax1,702 -0.8%Clean Tanker Index1,352 +0.7%Handysize905 +0.2%Dry Bulk Freight Index2,725 +0.4%Capesize4,198 +2.0%Dirty Tanker Index2,532 +1.2%Panamax2,064 -2.6%Supramax1,702 -0.8%Clean Tanker Index1,352 +0.7%Handysize905 +0.2%Dry Bulk Freight Index2,725 +0.4%Capesize4,198 +2.0%Dirty Tanker Index2,532 +1.2%Panamax2,064 -2.6%Supramax1,702 -0.8%Clean Tanker Index1,352 +0.7%Handysize905 +0.2%

SUNDAY, JULY 26, 2026

Safety & Accidents

Houthi Blockade Disrupts Saudi Crude Shipments

A Hong Kong-flagged supertanker has made a U-turn in the Gulf of Aden, highlighting the economic fallout of the Houthi naval blockade against Saudi Arabia. The vessel's change in course exposes increased hurdles for Chinese buyers to receive Saudi crude.

Kemal Can Kayar
Kemal Can Kayar
July 26, 2026·2 min read·Safety & Accidents
Houthi Blockade Disrupts Saudi Crude Shipments

A significant development in the ongoing Houthi blockade against Saudi Arabia has occurred, as a Hong Kong-flagged supertanker, New Champion, has made a dramatic U-turn in the Gulf of Aden. The vessel, which was bound for Saudi Arabia's Red Sea port of Yanbu, had been chartered by a Chinese buyer to pick up a cargo of crude. However, it has now changed course and is heading eastward at a near top speed of around 16 knots.

The reason behind New Champion's U-turn is unclear, but it may be related to the recent attacks launched by the Houthis in the Bab el-Mandeb chokepoint. Some shipping insurance providers have been unwilling to offer coverage for vessels calling at Saudi Arabia due to the risk of attacks. This has led to increased hurdles for Chinese buyers to receive Saudi crude, with some Western vessels opting to avoid the southern exit out of the Red Sea and instead taking the safer but more costly route through the Suez Canal and around the African continent.

Impact on Shipping

The New Champion's change in course is the first instance of a Chinese tanker altering its route in response to the heightened risk in the region. Other tankers, including the Japan-bound supertanker Gas King, have opted to exit the Red Sea via the Suez Canal, resulting in a longer and more expensive journey. The flow of Middle East energy trade is evolving in response to the Houthi attacks, with millions of barrels of Saudi Arabian crude still being shipped from the nation's Red Sea coast to the global market.

The situation is being closely monitored by the shipping industry, with some vessels taking precautions such as turning off their transponders to avoid being tracked by the Houthis. The New Champion, New Explorer, and New Pearl are managed by Associated Maritime Co (H.K.) Ltd, but the company has not responded to requests for comment.

Cover image: Frans Berkelaar, CC BY 2.0, via Wikimedia Commons.

Kemal Can Kayar
Written byKemal Can Kayar

As Editor in Chief of The Maritime, I lead content development, interviews, and digital storytelling across our multimedia maritime platform. With over 10 years of experience in the maritime industry, I create and publish in-depth stories and video features that highlight key players, emerging trends, and operational realities across global shipping. Before launching The Maritime, I worked as a Vessel Operator at Imza Marine A.S., gaining hands-on commercial shipping and voyage operations experience. I also served as Marketing Communications Specialist at Gimas Ship Supply & Services, where I managed corporate communication, digital strategy, and industry outreach for shipowners and maritime clients. I hold a Master’s degree in Maritime Transportation Management from Istanbul Technical University and a Master’s degree in Publishing from Marmara University. My work is driven by the belief that the maritime world deserves strong, informed, and accessible media representation. I am committed to sharing the stories of maritime professionals and contributing to the sector’s visibility, knowledge exchange, and future development.

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