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.
Shipping executives remain
cautious about a return to the Red Sea, where Iran-backed Houthis have
carried out more than 100 attacks on ships since November 2023, leading
most shipping companies to divert vessels to other routes.
French shipping and logistics group said in a statement that the
improved stability was “a positive but fragile sign” for the industry, and
safety was a priority.
It
said that given the ongoing tensions and associated risks for commercial
vessels in certain areas, CMA CGM will for time being continue to prioritise
alternative routes, including a significant reliance on passage via the Cape of
Good Hope. It added that adjustments to
the policy could be made on a case-by-case basis depending on security and
global operational conditions.