Shipping companies expressed caution about using the shorter route between Asia and Europe that many ships have avoided for more than a year.

U.S. ships are returning to the Red Sea following promises from Yemen’s Houthi rebels to abstain from attacks on American and British vessels. The pledge, which comes after more than a year of

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.

Despite recently touting a Suez route, Mediterranean Shipping Company (MSC) said it will stick to Cape of Good Hope until further notice.

Six ships linked to the U.S. and U.K. have successfully transited the area without coming under attack since January 19.

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.

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.

The Yemeni rebel group says it will stop targeting vessels that transit the Red Sea.

The move by the Iranian-backed Houthis marks their latest effort to de-escalate their attacks following a ceasefire in Gaza.

The world’s top three container operators said they fear instability in Gaza and broader regional tensions mean continued danger.