CMA CGM, the French container line that has continued to transit the Red Sea despite attacks on shipping, said it will continue to route most of its affected services away from the region.
Despite recently touting a Suez route, Mediterranean Shipping Company (MSC) said it will stick to Cape of Good Hope until further notice.
The world’s top three container operators said they fear instability in Gaza and broader regional tensions mean continued danger.
Yemen’s Houthi rebels said they will cease attacks on Israel and on merchant shipping in the Red Sea as a ceasefire between Israel and Hamas took effect
French shipping and logistics group CMA CGM will continue to avoid the Red Sea even though it considers the region is more stable following the ceasefire agreement between Israel and Hamas, it said on Saturday.
Yemen’s Houthi rebels have signaled they will limit their attacks in the Red Sea corridor to only Israeli-affiliated ships as a ceasefire in the Gaza Strip takes hold.
Yemen’s Houthi rebels have released the crew of the Galaxy Leader, a vehicle carrier seized in November 2023 at the start of their attacks on shipping in the Red Sea corridor over the Israel-Hamas war.
Supply chains have had to deal with higher shipping costs, product delivery delays, and increased carbon emissions as a result of this diversion. The Gaza ceasefire gave some hope that the disruption would finally end. But shipping lines will not hurry back to the region until long-term security is guaranteed.
For Jews around the world, the fate of Kfir, Ariel, Shiri and Yarden Bibas has long been a matter of urgent concern.
The Houthis have grown into a regional power capable of leverage in Red Sea geopolitics. Will the ceasefire in Gaza change their strategy?
Israeli Prime Minister Benjamin Netanyahu says President Donald Trump has invited him to visit the White House on Feb. 4. This will make Netanyahu the first foreign leader to visit Washington in Trump’s second term.