Thursday, May 8, 2025

Shipping Companies in No Hurry to Return to Red Sea

 The Wall Street Journal published on 8 May 2025 an article titled "Shippers Are Skeptical of Trump's Truce with the Houthis" by Stephen Kalin, Costas Paris, and Benoit Faucon. 

Major container-shipping companies have no immediate plans to return to the Suez Canal/Red Sea following President Trump's announcement of an agreement with the Houthis to end attacks on Red Sea shipping. As long as the war in Gaza continues, shipping companies believe the situation is too dangerous.  Nor is it clear whether the ceasefire applies to all vessels or just those flying US and UK flags.