New York, 1 May (Argus) — A surge in crude shipments from the Red Sea port of Yanbu, bypassing the blockaded strait of Hormuz, has failed to stop a retreat in crude shipping rates, which are reeling from the loss of loadings out of the Mideast Gulf. Yanbu crude loadings rose to 4-4.2mn b/d in April, compared with 800,000 b/d prior to the start of the US-Israel war with Iran on 28 February, according to data from Vortexa and Kpler.