The world’s top three container operators said they fear instability in Gaza and broader regional tensions mean continued danger.
Mandeb strait decreased by 50% after the Yemeni rebels launched maritime attacks, according to the US Energy Information Administration.
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.
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.
Shipping companies expressed caution about using the shorter route between Asia and Europe that many ships have avoided for more than a year.
European forces joined the US Navy last year in an effort to defend key shipping lanes from Houthi rebel attacks.
U.S. Navy destroyers and cruisers needing to leave the ongoing battle against Iran-backed Houthi rebel missile and drone barrages in the Red Sea to reload their Mk 41 Vertical Launching System (VLS) missile cells are causing a presence gap and “a real challenge,
Yemen’s Iran-backed Houthi movement has released the crew of a cargo ship more than a year after its fighters hijacked the vessel in the Red Sea, as part of its campaign of attacks in support of Hamas in its war against Israel.
An American destroyer, USS Spruance, shot down six missiles and seven drones during a recent Red Sea combat deployment.
Red Sea shipping remains risky despite the Gaza ceasefire and an announcement by Yemen’s Houthis to limit attacks, according to the CEO of Abu Dhabi National Oil Company's logistics and shipping arm.
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 agreem
In the last 14 months, the Houthis, using shore-to-ship missiles procured from Iran, have targeted about 200 vessels in the Red Sea