European forces joined the US Navy last year in an effort to defend key shipping lanes from Houthi rebel attacks.

Red Sea shipping remains risky despite the Gaza ceasefire and an announcement by Yemen’s Houthis to limit attacks, according to the CEO of Abu Dhabi National Oil Company's logistics and shipping arm.

Yemen's Houthi rebels said Wednesday they released the crew of the Galaxy Leader, a vehicle carrier seized in November 2023 at the start of their attacks on shipping in the Red Sea corridor over the Israel-Hamas war.

Ships not linked to Israel could begin returning to the Red Sea in as little as two weeks, DP World's deputy chief executive said, adding that could see freight prices "come crashing down".

Yemen’s Houthi rebels have signaled they will limit their attacks in the Red Sea corridor to only Israeli-affiliated ships as a ceasefire in the Gaza Strip takes hold.

Despite recently touting a Suez route, Mediterranean Shipping Company (MSC) said it will stick to Cape of Good Hope until further notice.

U.S. Navy destroyers and cruisers needing to leave the ongoing battle against Iran-backed Houthi rebel missile and drone barrages in the Red Sea to reload their Mk 41 Vertical Launching System (VLS) missile cells are causing a presence gap and “a real challenge,

The 11 survivors who have spoken to the BBC have also accused the Egyptian authorities of trying to cover up what happened, saying investigators were determined to blame it on a huge wave.

A.P. Moller-Maersk expressed caution about any fast return to shipping through the Red Sea, after the Yemen-based Houthis signaled a pause in their attacks on commercial vessels.

A Gaza ceasefire could slash shipping emissions as vessels return to shorter Red Sea routes, potentially reducing maritime fuel consumption, says INVERTO

Shipping executives remain cautious about a return to the Red Sea given the risk to seafarers, cargo and their asset