Why are SABIC's Red Sea shipments currently unaffected despite regional conflict?

SABIC's Red Sea shipments remain unaffected because the company is actively monitoring the situation at the Strait of Bab el-Mandeb and leveraging supply-chain flexibility, including alternative export routes like the Suez Canal and increased use of west coast ports such as Yanbu and Jeddah Islamic Port; CFO Salah Al-Hareky confirmed during the Q2 earnings call that there is no current disruption to shipments via the Red Sea or Bab el-Mandeb.

How has SABIC adapted its logistics to cope with the closure of the Strait of Hormuz in Q2 2026?

To offset the Strait of Hormuz closure, SABIC significantly increased polymer shuttling from east coast hubs to west coast facilities on the Red Sea—more than doubling quarter-on-quarter—enabling exports through multiple Red Sea ports including Yanbu (via the Red Sea Express Service) and Jeddah Islamic Port’s Red Sea Gateway Terminal, which handled around 6,600 standard polymer containers during Q2.

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