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.

In the last 14 months, the Houthis, using shore-to-ship missiles procured from Iran, have targeted about 200 vessels in the Red Sea

French container line CMA CGM has joined Maersk in opting to keep rerouting vessels around the Cape of Good Hope.

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.

Yemen's Houthi rebels said Wednesday they 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.

Houthi, said the Iran-aligned group will monitor the implementation of a ceasefire deal between Israel and Hamas and will continue its attacks on ships in the Red Sea if it is breached.

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.

The Galaxy Leader was taken in November 2023 at the start of the Houthi attacks on shipping in the Red Sea corridor over the Israel-Hamas war.

Delayed by a dispute over the release of a specific hostage, an agreement has been reached to allow Palestinians to return to northern Gaza.

The ceasefire is still fragile So why do the box carriers still shy away from using the Suez Canal despite the fact that the Houthi regime has stopped its shelling of merchant vessels registered in Europe or the Far East?

The rebels said earlier this week they would limit their attacks on ships in the Red Sea corridor and released the 25-member crew of the Galaxy Leader, a ship they seized back in November 2023, as the Gaza ceasefire took hold.