British and American ships are tentatively returning to the Red Sea after Yemen’s Houthi rebels vowed to hold off attacks on vessels linked to both nations, a sign that traffic on one of the world’s main trade routes could normalize after more than a year of disruption.
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.
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.
GENEVA (Reuters) - Operations at a Red Sea port in Yemen used for aid imports have fallen to about a quarter of its capacity, a UN official said on Tuesday, adding it was not certain that a Gaza ceasefire would end attacks between the Iran-backed Houthis and Israel.
Companies transporting their products around the world are not ready to return to the Red Sea trade route in the wake of a Gaza ceasefire deal because of uncertainty over whether Yemen's Houthis will continue to attack shipping,
The world’s top three container shippers, MSC Mediterranean Shipping, A.P. Møller-Maersk (OTCPK:AMKBY) (OTCPK:AMKBF) and CMA CGM, have said in recent days they will not send vessels back to the Red Sea despite a pledge by Houthi militants in Yemen not to attack them as long as a ceasefire in Gaza holds.
DUBAI, United Arab Emirates -- Yemen's Houthi rebels signal they will limit attacks in the Red Sea corridor to Israeli-affiliated ships.
With the ceasefire between Israel and Hamas in Gaza, Houthi rebels in Yemen have stopped missile attacks on ships in the Red Sea and have also released a shipping crew held hostage for over a year.
Yemen's Houthi rebels have signaled they now will limit their attacks in the Red Sea corridor to only Israeli-affiliated ships, just as a ceasefire in the Gaza Strip entered its second day Monday. The Houthis' announcement,