French shipping and logistics giant CMA CGM has announced it will continue to steer clear of the Red Sea, despite an apparent improvement in regional stability following the ceasefire between Israel and Hamas. Citing safety concerns as its top priority, the company remains cautious due to over 100 vessel attacks attributed to Iran-backed Houthi forces since November 2023. These ongoing threats have compelled many shipping firms to divert their operations to alternative, longer routes.

In a statement, CMA CGM described the improved stability in the Red Sea as “a positive but fragile sign,” but emphasized that the risks in certain areas necessitate reliance on safer alternatives. The company has been extensively utilizing the Cape of Good Hope route to circumvent the volatile region. It also noted that operational decisions might be adapted on a case-by-case basis, depending on evolving security conditions.

The International Maritime Organization (IMO) and the United Nations have both reaffirmed their commitment to ensuring the safety of seafarers and protecting maritime navigation under international law. IMO Secretary-General Arsenio Dominguez stressed the need to prioritize the welfare of seafarers, who continue to face significant risks in high-conflict zones.

The dangers in the Red Sea have been exacerbated by missile and drone attacks launched by Houthi forces in response to the war in Gaza. While the group claimed to target vessels linked to Israel, numerous commercial ships with no apparent ties to the country have also been attacked. Reports indicate that 34 of these incidents have caused damage to vessels, further heightening security concerns for maritime operators.

Earlier this week, the release of the 25-member crew of the Israeli-owned cargo ship Galaxy Leader, held hostage since November 2023, marked a rare positive outcome in the ongoing crisis. However, the event also underscored the significant challenges faced by shipping companies operating in the region.

The Red Sea, a critical maritime corridor that facilitates nearly 15% of global seaborne trade, remains a high-risk zone. In response, major shipping companies, including CMA CGM, have opted for the longer but safer route around southern Africa via the Cape of Good Hope, despite the additional time and costs incurred.

This cautious approach reflects the industry’s broader commitment to protecting crew members and assets amid ongoing instability. While the ceasefire offers a glimmer of hope, the persistent risks and fragile security environment suggest that a full return to Red Sea operations remains uncertain for the foreseeable future