The number of tankers diverting on longer voyages around the Cape of Good Hope has increased to 100 from last week, according to a report from Oil Brokerage.
That’s a jump of about 45% from the firm’s count of 69 on Jan. 24. The vessels are carrying about 56 million barrels of crude and petroleum products, according to the report.
Many vessels are avoiding the Red Sea route because of attacks by Houthi militants on merchant shipping, instead sailing around South Africa’s Cape of Good Hope.