The Kuwait Oil Tanker Company decided to temporarily stop the passage of its tankers in the Red Sea due to the development of events in the Red Sea and Gulf of Aden region.
The temporary suspension decision is subject to continuous periodic review until the situation in the region stabilizes, as the Kuwait Oil Tanker Company confirmed that it is monitoring and evaluating the situation in the Bab al-Mandab Strait and the Red Sea on a daily basis.
The company also confirmed that it is committed to implementing the precautionary measures and practices it adopts globally to protect and safety its fleet, and that it is working to support Kuwaiti oil shipments and secure their access to its global markets.
At the same time, the Kuwait Petroleum Corporation confirms its commitment to implementing contracts concluded with various countries, using foreign tankers.
During their sailing in the Red Sea, several ships were attacked by the Yemeni Houthi group, which says that the attacks come in response to the Israeli war on the Gaza Strip that broke out on the seventh of last October.
As a result, the United States launched air strikes on Houthi sites with the aim of disrupting and weakening the group’s ability to endanger freedom of navigation and threaten global trade.