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.
Shipping executives remain cautious about a return to the Red Sea, where Iran-backed Houthis have carried out more than 100 attacks on ships since November 2023, leading most shipping companies to divert vessels to other routes. French shipping and logistics group said in a statement that the improved stability was “a positive but fragile sign” for the industry, and safety was a priority.
It said that given the ongoing tensions and associated risks for commercial vessels in certain areas, CMA CGM will for time being continue to prioritise alternative routes, including a significant reliance on passage via the Cape of Good Hope. It added that adjustments to the policy could be made on a case-by-case basis depending on security and global operational conditions.
