logo
  • 中文网站
  • 한국어
  • Português
  • Español
  • हिन्दी
  • 日本語
  • Get Support
  • Commodity Insights LIVE (opens in a new tab)
  • System Notification (opens in a new tab)
  • Dashboard
  • Subscriptions
  • Personal Info
  • Interests
  • Events
  • Bookmarks
  • Alerts & Preferences
  • Logout

Trending Topics

  • Biofuels and Energy
  • Commodities 2025
  • Commodity Pricing & Market Data
  • Energy Transition
  • Jet Fuel
  • Steel & Metals
  • Upstream & Midstream (Oil & Gas)

Offerings by Division

  • S&P Global Market Intelligence
  • S&P Global Ratings
  • S&P Global Commodity Insights
  • S&P Dow Jones Indices
  • S&P Global Mobility
  • S&P Global Sustainable1

S&P Global Offerings

market-intelligence

Market Intelligence
ratings

Ratings
commodity-insights

Commodity Insights
dow-jones-indices

S&P Dow Jones Indices
mobility

Mobility
sustainable1

Sustainable1

Featured Topics

Sustainability
Private Markets
Energy Transition
Credit & Risk
Fixed Income
Supply Chain
Technology & AI

Featured Products

capital-iq-pro

S&P Capital IQ Pro
platts-connect

Platts Connect
esg-scores

S&P Global ESG Scores
autocreditinsight

AutoCreditInsight
ratings360

Ratings360
spice

SPICE: The Index Source for ESG Data

(opens in a new tab)

Events

Featured S&P Global Events
Webinar Replays
CERAWeek
S&P Global Market Intelligence
S&P Global Ratings
S&P Dow Jones Indices
S&P Global Mobility
S&P Global Commodity Insights
S&P Global Sustainable1

Careers

Overview
Our Culture
Our Commitment
Our Work
Search for a Job
  • S&P Global Home
  • Market Intelligence
  • Ratings
  • Commodity Insights
  • S&P Dow Jones Indices
  • Mobility
  • Sustainable1

S&P Global Offerings

market-intelligence

Market Intelligence
ratings

Ratings
commodity-insights

Commodity Insights
dow-jones-indices

S&P Dow Jones Indices
mobility

Mobility
sustainable1

Sustainable1

Featured Topics

Sustainability
Private Markets
Energy Transition
Credit & Risk
Fixed Income
Supply Chain
Technology & AI

Featured Products

capital-iq-pro

S&P Capital IQ Pro
platts-connect

Platts Connect
esg-scores

S&P Global ESG Scores
autocreditinsight

AutoCreditInsight
ratings360

Ratings360
spice

SPICE: The Index Source for ESG Data

(opens in a new tab)

Events

Featured S&P Global Events
Webinar Replays
CERAWeek
S&P Global Market Intelligence
S&P Global Ratings
S&P Dow Jones Indices
S&P Global Mobility
S&P Global Commodity Insights
S&P Global Sustainable1

Careers

Overview
Our Culture
Our Commitment
Our Work
Search for a Job
Commodity Insights
Subscribe
  • Sustainable1
  • The Learning Center (opens in a new tab)
  • Conferences, Training, & Strategic Media

Solutions

Agriculture & Food
Clean Energy Technology
Crude Oil
Crop Science
Carbon & Scenarios
Environmental Registry Solutions
Fuels & Refined Products
Biofuels
Gas & Power
Upstream & Midstream (Oil & Gas)
Chemicals
LNG
Steel & Metals
Fertilizers
Shipping

Capabilities

Market Insights
Commodity Pricing & Market Data
Risk
Software
AI
CI Consulting
Energy Transition

Delivery Platforms

platts-connect

Platts Connect
data-distribution

Data & Distribution
  • Sustainable1
  • The Learning Center (opens in a new tab)
  • Conferences, Training, & Strategic Media

Solutions

Agriculture & Food
Clean Energy Technology
Crude Oil
Crop Science
Carbon & Scenarios
Environmental Registry Solutions
Fuels & Refined Products
Biofuels
Gas & Power
Upstream & Midstream (Oil & Gas)
Chemicals
LNG
Steel & Metals
Fertilizers
Shipping

Capabilities

Market Insights
Commodity Pricing & Market Data
Risk
Software
AI
CI Consulting
Energy Transition

Delivery Platforms

platts-connect

Platts Connect
data-distribution

Data & Distribution
  • Commodity Insights LIVE (opens in a new tab)

News & Research

Latest News
Infographics
Topics
Special Reports
Podcasts
Videos
Insight Blog
Commodity Insights Magazine
  • Commodity Insights LIVE (opens in a new tab)

News & Research

Latest News
Infographics
Topics
Special Reports
Podcasts
Videos
Insight Blog
Commodity Insights Magazine
  • Subscriber Notes
  • Corrections
  • Holiday Publication Schedule
  • Regulatory Engagement & Market Issues
  • Complaints

Our Methodology

Our Methodology
Methodology Review & Change
Market On Close
Price Assessments & Benchmarks
Index
Price Symbols
Methodology & Specifications
Symbol Search & Directories
MOC Participation Guidelines
Reference Documents

Methodology & Participation

MOC Participation Guidelines*
Methodology Review & Change
Regulatory Engagement & Market Issues*
Corrections
Complaints*

Reference Tools

Holiday Publication Schedule*
Conversion Tables*
Glossary*
Dunl.org
(opens in a new tab)
  • Subscriber Notes
  • Corrections
  • Holiday Publication Schedule
  • Regulatory Engagement & Market Issues
  • Complaints

Our Methodology

Our Methodology
Methodology Review & Change
Market On Close
Price Assessments & Benchmarks
Index
Price Symbols
Methodology & Specifications
Symbol Search & Directories
MOC Participation Guidelines
Reference Documents

Methodology & Participation

MOC Participation Guidelines*
Methodology Review & Change
Regulatory Engagement & Market Issues*
Corrections
Complaints*

Reference Tools

Holiday Publication Schedule*
Conversion Tables*
Glossary*
Dunl.org
(opens in a new tab)
  • Conferences
  • Forums
  • Webinars
  • Methodology Education
  • Training
  • All Events

Featured Events

ceraweek

CERAWeek

(opens in a new tab)
gea

Global Energy Awards (GEA)
wpc

World Petrochemical Conference (WPC)

(opens in a new tab)
MPGC

Middle East Petroleum and Gas Conference (MPGC)

(opens in a new tab)
APPEC

APPEC

(opens in a new tab)
Professional Education and Training

Professional Education and Training

(opens in a new tab)

S&P Global

Corporates
Need a Rating?
Credit Ratings
Intro to Credit Ratings
ESG in Credit Ratings
Ratings Actions
Corporates
Sectors
Regulatory
Events
Products & Benefits

S&P Global Offerings

Corporates
Credit Rating History
Understanding Credit Ratings
Intro to Credit Ratings
ABOUT RATINGS
Intro to Credit Ratings
S&P Dow Jones Indices
S&P Global Market Intelligence
S&P Global Mobility
S&P Global Commodity Insights
REGULATORY
Ratings Actions
EVENTS
Sectors
S&P Global Sustainable1
S&P Global Ratings
S&P Global
S&P Global Market Intelligence

S&P Global

SECTORS
Need a Rating?
ABOUT RATINGS
Intro to Credit Ratings

Research & Insights

Need a Rating?
Intro to Credit Ratings
Fixed Income Issuance
Ratings Actions
Need a Rating?
Intro to Credit Ratings
Understanding Credit Ratings (opens in a new tab)
Ratings Actions (opens in a new tab)

S&P Global

Contact Us (opens in a new tab)
Contact Us (opens in a new tab)
ABOUT RATINGS
Corporates
Credit Rating History
S&P Global Mobility
Need a Rating?
Understanding Credit Ratings
Intro to Credit Ratings
ESG in Credit Ratings
ESG in Credit Ratings
Ratings Actions
S&P Global
S&P Global Market Intelligence
S&P Global Mobility
S&P Global Commodity Insights
S&P Global Ratings
S&P Global Sustainable1
Need a Rating?
Understanding Credit Ratings
Intro to Credit Ratings
ESG in Credit Ratings
  • Conferences
  • Forums
  • Webinars
  • Methodology Education
  • Training
  • All Events

Featured Events

ceraweek

CERAWeek

(opens in a new tab)
gea

Global Energy Awards (GEA)
wpc

World Petrochemical Conference (WPC)

(opens in a new tab)
MPGC

Middle East Petroleum and Gas Conference (MPGC)

(opens in a new tab)
APPEC

APPEC

(opens in a new tab)
Professional Education and Training

Professional Education and Training

(opens in a new tab)

S&P Global

Corporates
Need a Rating?
Credit Ratings
Intro to Credit Ratings
ESG in Credit Ratings
Ratings Actions
Corporates
Sectors
Regulatory
Events
Products & Benefits

S&P Global Offerings

Corporates
Credit Rating History
Understanding Credit Ratings
Intro to Credit Ratings
ABOUT RATINGS
Intro to Credit Ratings
S&P Dow Jones Indices
S&P Global Market Intelligence
S&P Global Mobility
S&P Global Commodity Insights
REGULATORY
Ratings Actions
EVENTS
Sectors
S&P Global Sustainable1
S&P Global Ratings
S&P Global
S&P Global Market Intelligence

S&P Global

SECTORS
Need a Rating?
ABOUT RATINGS
Intro to Credit Ratings

Research & Insights

Need a Rating?
Intro to Credit Ratings
Fixed Income Issuance
Ratings Actions
Need a Rating?
Intro to Credit Ratings
Understanding Credit Ratings (opens in a new tab)
Ratings Actions (opens in a new tab)

S&P Global

Contact Us (opens in a new tab)
Contact Us (opens in a new tab)
ABOUT RATINGS
Corporates
Credit Rating History
S&P Global Mobility
Need a Rating?
Understanding Credit Ratings
Intro to Credit Ratings
ESG in Credit Ratings
ESG in Credit Ratings
Ratings Actions
S&P Global
S&P Global Market Intelligence
S&P Global Mobility
S&P Global Commodity Insights
S&P Global Ratings
S&P Global Sustainable1
Need a Rating?
Understanding Credit Ratings
Intro to Credit Ratings
ESG in Credit Ratings

Who We Are

Overview
Contact Us
Regulatory Engagement & Market Issues
Commodity Insights LIVE
(opens in a new tab)

Who We Are

Overview
Contact Us
Regulatory Engagement & Market Issues
Commodity Insights LIVE
(opens in a new tab)
logo
Commodity Insights
S&P Global / Commodity Insights
  • Sustainable1
  • The Learning Center (opens in a new tab)
  • Conferences, Training, & Strategic Media

Solutions

Agriculture & Food
Clean Energy Technology
Crude Oil
Crop Science
Carbon & Scenarios
Environmental Registry Solutions
Fuels & Refined Products
Biofuels
Gas & Power
Upstream & Midstream (Oil & Gas)
Chemicals
LNG
Steel & Metals
Fertilizers
Shipping

Capabilities

Market Insights
Commodity Pricing & Market Data
Risk
Software
AI
CI Consulting
Energy Transition

Delivery Platforms

platts-connect

Platts Connect
data-distribution

Data & Distribution
  • Sustainable1
  • The Learning Center (opens in a new tab)
  • Conferences, Training, & Strategic Media

Solutions

Agriculture & Food
Clean Energy Technology
Crude Oil
Crop Science
Carbon & Scenarios
Environmental Registry Solutions
Fuels & Refined Products
Biofuels
Gas & Power
Upstream & Midstream (Oil & Gas)
Chemicals
LNG
Steel & Metals
Fertilizers
Shipping

Capabilities

Market Insights
Commodity Pricing & Market Data
Risk
Software
AI
CI Consulting
Energy Transition

Delivery Platforms

platts-connect

Platts Connect
data-distribution

Data & Distribution
  • Commodity Insights LIVE (opens in a new tab)

News & Research

Latest News
Infographics
Topics
Special Reports
Podcasts
Videos
Insight Blog
Commodity Insights Magazine
  • Commodity Insights LIVE (opens in a new tab)

News & Research

Latest News
Infographics
Topics
Special Reports
Podcasts
Videos
Insight Blog
Commodity Insights Magazine
  • Subscriber Notes
  • Corrections
  • Holiday Publication Schedule
  • Regulatory Engagement & Market Issues
  • Complaints

Our Methodology

Our Methodology
Methodology Review & Change
Market On Close
Price Assessments & Benchmarks
Index
Price Symbols
Methodology & Specifications
Symbol Search & Directories
MOC Participation Guidelines
Reference Documents

Methodology & Participation

MOC Participation Guidelines*
Methodology Review & Change
Regulatory Engagement & Market Issues*
Corrections
Complaints*

Reference Tools

Holiday Publication Schedule*
Conversion Tables*
Glossary*
Dunl.org
(opens in a new tab)
  • Subscriber Notes
  • Corrections
  • Holiday Publication Schedule
  • Regulatory Engagement & Market Issues
  • Complaints

Our Methodology

Our Methodology
Methodology Review & Change
Market On Close
Price Assessments & Benchmarks
Index
Price Symbols
Methodology & Specifications
Symbol Search & Directories
MOC Participation Guidelines
Reference Documents

Methodology & Participation

MOC Participation Guidelines*
Methodology Review & Change
Regulatory Engagement & Market Issues*
Corrections
Complaints*

Reference Tools

Holiday Publication Schedule*
Conversion Tables*
Glossary*
Dunl.org
(opens in a new tab)
  • Conferences
  • Forums
  • Webinars
  • Methodology Education
  • Training
  • All Events

Featured Events

ceraweek

CERAWeek

(opens in a new tab)
gea

Global Energy Awards (GEA)
wpc

World Petrochemical Conference (WPC)

(opens in a new tab)
MPGC

Middle East Petroleum and Gas Conference (MPGC)

(opens in a new tab)
APPEC

APPEC

(opens in a new tab)
Professional Education and Training

Professional Education and Training

(opens in a new tab)

S&P Global

Corporates
Need a Rating?
Credit Ratings
Intro to Credit Ratings
ESG in Credit Ratings
Ratings Actions
Corporates
Sectors
Regulatory
Events
Products & Benefits

S&P Global Offerings

Corporates
Credit Rating History
Understanding Credit Ratings
Intro to Credit Ratings
ABOUT RATINGS
Intro to Credit Ratings
S&P Dow Jones Indices
S&P Global Market Intelligence
S&P Global Mobility
S&P Global Commodity Insights
REGULATORY
Ratings Actions
EVENTS
Sectors
S&P Global Sustainable1
S&P Global Ratings
S&P Global
S&P Global Market Intelligence

S&P Global

SECTORS
Need a Rating?
ABOUT RATINGS
Intro to Credit Ratings

Research & Insights

Need a Rating?
Intro to Credit Ratings
Fixed Income Issuance
Ratings Actions
Need a Rating?
Intro to Credit Ratings
Understanding Credit Ratings (opens in a new tab)
Ratings Actions (opens in a new tab)

S&P Global

Contact Us (opens in a new tab)
Contact Us (opens in a new tab)
ABOUT RATINGS
Corporates
Credit Rating History
S&P Global Mobility
Need a Rating?
Understanding Credit Ratings
Intro to Credit Ratings
ESG in Credit Ratings
ESG in Credit Ratings
Ratings Actions
S&P Global
S&P Global Market Intelligence
S&P Global Mobility
S&P Global Commodity Insights
S&P Global Ratings
S&P Global Sustainable1
Need a Rating?
Understanding Credit Ratings
Intro to Credit Ratings
ESG in Credit Ratings
  • Conferences
  • Forums
  • Webinars
  • Methodology Education
  • Training
  • All Events

Featured Events

ceraweek

CERAWeek

(opens in a new tab)
gea

Global Energy Awards (GEA)
wpc

World Petrochemical Conference (WPC)

(opens in a new tab)
MPGC

Middle East Petroleum and Gas Conference (MPGC)

(opens in a new tab)
APPEC

APPEC

(opens in a new tab)
Professional Education and Training

Professional Education and Training

(opens in a new tab)

S&P Global

Corporates
Need a Rating?
Credit Ratings
Intro to Credit Ratings
ESG in Credit Ratings
Ratings Actions
Corporates
Sectors
Regulatory
Events
Products & Benefits

S&P Global Offerings

Corporates
Credit Rating History
Understanding Credit Ratings
Intro to Credit Ratings
ABOUT RATINGS
Intro to Credit Ratings
S&P Dow Jones Indices
S&P Global Market Intelligence
S&P Global Mobility
S&P Global Commodity Insights
REGULATORY
Ratings Actions
EVENTS
Sectors
S&P Global Sustainable1
S&P Global Ratings
S&P Global
S&P Global Market Intelligence

S&P Global

SECTORS
Need a Rating?
ABOUT RATINGS
Intro to Credit Ratings

Research & Insights

Need a Rating?
Intro to Credit Ratings
Fixed Income Issuance
Ratings Actions
Need a Rating?
Intro to Credit Ratings
Understanding Credit Ratings (opens in a new tab)
Ratings Actions (opens in a new tab)

S&P Global

Contact Us (opens in a new tab)
Contact Us (opens in a new tab)
ABOUT RATINGS
Corporates
Credit Rating History
S&P Global Mobility
Need a Rating?
Understanding Credit Ratings
Intro to Credit Ratings
ESG in Credit Ratings
ESG in Credit Ratings
Ratings Actions
S&P Global
S&P Global Market Intelligence
S&P Global Mobility
S&P Global Commodity Insights
S&P Global Ratings
S&P Global Sustainable1
Need a Rating?
Understanding Credit Ratings
Intro to Credit Ratings
ESG in Credit Ratings

Who We Are

Overview
Contact Us
Regulatory Engagement & Market Issues
Commodity Insights LIVE
(opens in a new tab)

Who We Are

Overview
Contact Us
Regulatory Engagement & Market Issues
Commodity Insights LIVE
(opens in a new tab)

S&P Global Offerings

market-intelligence

Market Intelligence
ratings

Ratings
commodity-insights

Commodity Insights
dow-jones-indices

S&P Dow Jones Indices
mobility

Mobility
sustainable1

Sustainable1

Featured Topics

Sustainability
Private Markets
Energy Transition
Credit & Risk
Fixed Income
Supply Chain
Technology & AI

Featured Products

capital-iq-pro

S&P Capital IQ Pro
platts-connect

Platts Connect
esg-scores

S&P Global ESG Scores
autocreditinsight

AutoCreditInsight
ratings360

Ratings360
spice

SPICE: The Index Source for ESG Data

(opens in a new tab)

Events

Featured S&P Global Events
Webinar Replays
CERAWeek
S&P Global Market Intelligence
S&P Global Ratings
S&P Dow Jones Indices
S&P Global Mobility
S&P Global Commodity Insights
S&P Global Sustainable1

Careers

Overview
Our Culture
Our Commitment
Our Work
Search for a Job
  • S&P Global Home
  • Market Intelligence
  • Ratings
  • Commodity Insights
  • S&P Dow Jones Indices
  • Mobility
  • Sustainable1

S&P Global Offerings

market-intelligence

Market Intelligence
ratings

Ratings
commodity-insights

Commodity Insights
dow-jones-indices

S&P Dow Jones Indices
mobility

Mobility
sustainable1

Sustainable1

Featured Topics

Sustainability
Private Markets
Energy Transition
Credit & Risk
Fixed Income
Supply Chain
Technology & AI

Featured Products

capital-iq-pro

S&P Capital IQ Pro
platts-connect

Platts Connect
esg-scores

S&P Global ESG Scores
autocreditinsight

AutoCreditInsight
ratings360

Ratings360
spice

SPICE: The Index Source for ESG Data

(opens in a new tab)

Events

Featured S&P Global Events
Webinar Replays
CERAWeek
S&P Global Market Intelligence
S&P Global Ratings
S&P Dow Jones Indices
S&P Global Mobility
S&P Global Commodity Insights
S&P Global Sustainable1

Careers

Overview
Our Culture
Our Commitment
Our Work
Search for a Job

Language

  • 中文网站
  • 한국어
  • Português
  • Español
  • हिन्दी
  • 日本語

  • Dashboard
  • Subscriptions
  • Personal Info
  • Interests
  • Events
  • Bookmarks
  • Alerts & Preferences
  • Logout

Support

  • Get Support
  • Commodity Insights LIVE(opens in a new tab)
  • System Notification(opens in a new tab)
Biofuels and Energy
Commodities 2025
Commodity Pricing & Market Data
Energy Transition
Jet Fuel
Steel & Metals
Upstream & Midstream (Oil & Gas)
S&P Global Market Intelligence
S&P Global Ratings
S&P Global Commodity Insights
S&P Dow Jones Indices
S&P Global Mobility
S&P Global Sustainable1
Login Subscribe
Subscribe
  • / Commodity Insights
  • / Topics
  • / Red Sea Shipping Risk
  • Topics
International Energy Week and LEF

Topic

Red Sea Shipping Risk

The Red Sea, a key trade corridor, faces rising shipping risks from geopolitical tensions and environmental factors. Explore news and insights on the challenges impacting this vital route.

  • Follow Us

  • (opens in a new tab)
  • (opens in a new tab)
  • (opens in a new tab)
  • (opens in a new tab)
  • (opens in a new tab)
  • (opens in a new tab)
  • Our Purpose
  • Our Values
  • Our History
  • Ventures
  • Press Center
  • Careers at S&P Global Commodity Insights
  • Investor Relations
  • Overview(opens in a new tab)
  • News Releases(opens in a new tab)
  • Quarterly Earnings(opens in a new tab)
  • SEC Filings & Reports(opens in a new tab)
  • Contact Us
  • Sales & Support
  • Support by Division
  • Report an Ethics Concern(opens in a new tab)
  • Office Locations
  • Advertisers
  • Our Organization
  • Careers
  • Corporate Responsibility
  • Leadership
  • IOSCO ESG Rating & Data Product Statements
  • About S&P Global Commodity Insights
  • Terms of Use
  • Cookie Notice
  • Privacy Policy
  • Client Privacy Portal
  • Do Not Sell or Share My Personal Information(opens in a new tab)

  • © 2025 S&P Global