French container shipping giant CMA CGM has announced suspension of all its Red Sea transit due to security risks, Bloomberg has reported Friday, adding to a growing list of major firms now deeming the area too unsafe.
The Bloomberg note additionally confirms that “CMA CGM will keep operating in the northern Red Sea but will not send its fleets through the southern part that is unavoidable for any vessel seeking to use Egypt’s Suez Canal to go between Europe and Asia.” With every addition of a shipping major, there’s yet further confirmation that the US-led ‘Operation Prosperity Guardian’ is failing . Via Reuters “Hundreds of container ships and large numbers of oil tankers and commodity carriers have elected to avoid the area altogether,” Bloomberg underscores.
Until this week, CMA CGM had continued sending some vessels through the vital transit passage despite the almost daily Houthi missile and drone attacks, but which […]
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