The violence in the Red Sea has locked tanker buyers and sellers in a standoff, says Fearnleys.

‘Every risk has a price’: Red Sea war rates under review as vital seaway becoming no-go area
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The shipbroking giant said on Friday that there are “a number of deals on hold behind the scenes” as attempted attacks on shipping continued through the week and the US and UK retaliated against Houthi militants in Yemen with airstrikes early on Friday.