French shipping and logistics company CMA CGM has announced it will continue to avoid the Red Sea, despite considering the region to be more stable following the ceasefire agreement between Israel and Hamas.

Shipping executives remain cautious about resuming operations in the Red Sea, citing over 100 attacks on vessels by Iran-backed Houthi forces since November 2023. As a result, most shipping firms have diverted their vessels to alternative routes. 

In a statement, CMA CGM described the improved stability as “a positive but fragile sign” but emphasised that safety remains the company’s top priority. The company confirmed its decision to rely on alternative routes, including significant use of the Cape of Good Hope, due to persistent tensions and risks in certain areas. 

It also noted that its policy could be adjusted on a case-by-case basis depending on security conditions and broader operational considerations. 

Earlier this week, the 25-member crew of the Israeli-owned cargo ship *Galaxy Leader* was released after being held hostage since November 2023. 

Arsenio Dominguez, Secretary-General of the International Maritime Organisation (IMO), reiterated the organisation’s commitment to safeguarding the seafarers, who continue to face significant risks. The United Nations also reaffirmed the importance of upholding international law regarding maritime navigation. 

Houthi forces began launching drones and missiles towards Israel in response to the war in Gaza, subsequently carrying out dozens of missile and drone attacks on commercial ships. Of these, 34 incidents have reportedly caused damage to vessels. 

Although the Houthis initially claimed they were targeting ships connected to Israel, many of the vessels attacked have no apparent links to the country. 

With the Red Sea typically handling nearly 15% of global seaborne trade, major shipping companies have opted for the longer route around southern Africa via the Cape of Good Hope to avoid the risks associated with the region.