France's CMA CGM, following Maersk's lead, announced plans to increase vessel traffic through the Suez Canal after a hiatus due to security concerns linked to Houthi attacks in the Red Sea. Global shipping giants, including Hapag-Lloyd, diverted routes via southern Africa, causing disruptions and increased costs. The U.S.-led multinational maritime security initiative prompted a reassessment of safety, with companies like Maersk preparing to resume operations. CMA CGM is evaluating the security landscape, while Hapag-Lloyd will decide soon. Rising costs and surcharges have resulted from the re-routing of vessels. Recent reports of attacks on vessels in the Red Sea underscore the challenges and risks faced by shipping companies.

SOURCE:GOOGLE