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American website: Risks in the Red Sea remain high despite the Gaza truce and the Houthis’ promises

Economy| 30 January, 2025 - 7:04 PM

Yemen Youth Net - Special Translation

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The American website Oil Price , which specializes in energy affairs, said that the risks in the Red Sea are still high despite the truce in Gaza, and despite the ceasefire announced by the Houthis.

The website explained in a report that major international shipping companies are still hesitant to resume using the Suez Canal due to ongoing security concerns and the high cost of transit.

He pointed out that American and British ships are cautiously returning to the Red Sea as the truce in Gaza and the prisoner exchange agreement continue to hold.

Major international shipping companies such as Denmark's Maersk, Switzerland's MSC and Japan's Mitsui OSK Lines have said they will not resume their voyages immediately despite Houthi assurances.

Over the past year, international shipping companies have been forced to take the longer, more expensive route around Africa to avoid the Red Sea.

The Houthis have attacked more than 100 international merchant ships, and even targeted American and British warships, including aircraft carriers. The Houthis have also shot down several American MQ-9 Reaper drones.

Last week, shipping companies said they were monitoring developments in the Red Sea but did not provide any timetable for resuming regular schedules there.

Among the major shipping companies, only CMA CGM maintained its schedule on the Suez Canal route.

MSC said in a statement to the American website FreightWaves : “The situation in the Suez Canal remains unstable and the security situation is unclear.

In order to ensure the safety of our seafarers and to ensure consistency and predictability of service to our customers, MSC will continue to: "Circumferential transit via the Cape of Good Hope [around Africa] until further notice."

The cost of transiting the Suez Canal has risen dramatically, and avoiding passage through the strategic waterway to and from the Mediterranean has cost Egypt tens of billions of dollars.

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