Ocean Carriers Still Reluctant to Return to Red Sea

Major ocean carriers say that they remain hesitant to resume shipping traffic through the Red Sea, despite vows from Houthi rebels to scale back attacks on vessels moving through the region.

On January 21, container liner MSC Mediterranean Shipping said it will continue to send its ships around Africa’s southern tip until further notice, a sign that any resumption to normal trade flows through the Red Sea is not imminent. MSC rivals A.P. Moller-Maersk A/S, Hapag-Lloyd AG and CMA CG…