MAERSK said will resume sending tankers through the Red Sea after a US-led coalition began providing naval security against attacks by Iran-backed Houthi forces, reports London's Financial Times.
But the Danish shipping giant said it could reverse the decision if risks become too high.
Denmark's AP Moller-Maersk said it would stop rerouting vessels around southern Africa, a long and costly route, and would proceed through the Suez Canal after the coalition, Operation Prosperity Guardian, was launched.
The multinational operation, unveiled by the US last week, will strengthen a naval task force in the Red Sea to ensure safe passage for commercial vessels through one of the most important global trade arteries, where they have come under drone and missile attacks from the Houthis, a Yemen-based militia group.
The Houthis have launched a string of attacks on ships in recent weeks, which the Houthis have said were a response to Israel's war against Hamas, the Palestinian group that is also backed by Iran, resulting in the biggest reshaping of global trade since Russia's full-scale invasion of Ukraine last year
"With the Operation Prosperity Guardian initiative in operation, we are preparing to allow for vessels to resume transit through the Red Sea both eastbound and westbound," Maersk said.
But Maersk warned that it could reverse the decision, depending on the risks.
Source: shippingazette