Ocean Network Express (ONE), a major Japanese container conglomerate, has announced the suspension of navigation through the Suez Canal and the Red Sea due to escalating security threats. As a temporary safety measure, ONE will reroute its vessels via the Cape of Good Hope or temporarily pause their journeys, emphasizing a commitment to closely monitoring the situation. This decision follows similar moves by A.P. Moller-Maersk, which rerouted its ships through the longer Cape of Good Hope route. The increased maritime tensions have prompted a US-led naval task force, Operation Prosperity Guardian, aimed at deterring attacks by Iran-backed Houthi militants in the Red Sea. Japan's Maritime Self-Defense Force reaffirms its commitment to maritime security and stability in collaboration with like-minded nations.

SOURCE:GOOGLE