Shipping is in wait-and-see mode when it comes to the Red Sea reopening.
Israel and Hamas announced a ceasefire on Wednesday, leading to speculation that the Yemen-based Houthis — who began attacking commercial ships in late 2023 ostensibly in retaliation for Israel’s attacks on the Gaza Strip — might call off the broadsides for good.
But sources tell TradeWinds it is unlikely any owners will rush back into the region.
