FRANKFURT: Two of the world’s top shipping companies, Maersk and Hapag-Lloyd, said on Thursday they did not see an immediate return to the Red Sea after the ceasefire between Hamas and
Israel was announced.
Both companies said they would closely monitor the situation in the Middle East and return to the Red Sea once it was safe.
“The agreement has only just been reached. We will closely analyze the latest developments and their impact on the security situation in the Red Sea,” said a Hapag-Lloyd spokesperson.
“It is still too early to speculate about timing,” a Maersk spokesperson said.
Hapag-Lloyd had already flagged in June that a ceasefire would not mean an immediate resume of passage through the Suez Canal, as attacks from Yemen-based Houthi militants could still be possible.
Rearranging the schedule would take between four and six weeks, a company spokesperson said at the time.
Disruptions in the Middle East have caused shipping companies to divert their vessels toward longer routes, often forcing their container ships around Africa’s Cape of Good Hope, pushing freight rates higher, and disrupting global ocean shipping.
Houthis have carried out more than 100 attacks on ships crossing the Red Sea since November 2023, saying they are acting in solidarity with the Palestinians in Gaza.
They have sunk two vessels, seized another, and killed at least four seafarers.
The attacks have disrupted global shipping, forcing firms to re-route to longer and more expensive journeys around southern Africa for more than a year.
Maritime security officials said on Thursday they were expecting Houthis to announce a halt in attacks on ships in the Red Sea.
The experts pointed to an email, seen by Reuters, from the group postponing a planned security briefing that had been due to take place in the coming days as a possible signal.
“British, American and Israeli strikes have succeeded in significantly limiting the attacks by Houthis, who are looking for a pretext to announce a ceasefire,” Dimitris Maniatis, the CEO of maritime security company Marisks, said regarding the briefing postponement.
Another maritime security official said that an announcement was largely expected, and there were indications that some companies were preparing to resume Red Sea journeys.
However, it was still too early to say that traffic would be restored.
“The first sign that business returns to normal will be seen in the insurance market, as insurance fees will start decreasing,” the official said.
A second maritime official said a halt in attacks was widely expected but could not confirm it.
In the email seen by Reuters, the Houthis said that the security webinar, aimed at shipping and maritime companies and the first such invitation they had issued, had been postponed to Feb. 10 due to the many questions and suggestions received from participants.
“This will ensure that the event is more comprehensive and beneficial for all attendees,” they said in the email on Wednesday.

TEL AVIV: Prime Minister Benjamin Netanyahu said Thursday that a “last minute crisis” with Hamas was holding up Israeli approval of a long-awaited agreement to pause the fighting in the Gaza Strip and release dozens of hostages. Israeli airstrikes meanwhile killed dozens of people across the war-ravaged territory.
Netanyahu’s office said his Cabinet won’t meet to approve the agreement until Hamas backs down, accusing it of reneging on parts of the agreement in an attempt to gain further concessions.
Izzat Al-Rashq, a senior Hamas official, said the militant group “is committed to the ceasefire agreement, which was announced by the mediators.”
US President Joe Biden and key mediator Qatar announced the deal on Wednesday, which is aimed at releasing scores of hostages held in Gaza and winding down a 15-month war that has destabilized the Middle East and sparked worldwide protests.
Netanyahu’s office had earlier accused Hamas of backtracking on an earlier understanding that he said would give Israel a veto over which prisoners convicted of murder would be released in exchange for hostages.
Netanyahu has faced great domestic pressure to bring home the scores of hostages, but his far-right coalition partners have threatened to bring down his government if he makes too many concessions.
Israeli strikes across the Gaza Strip have meanwhile killed at least 48 people over the past day, according to the territory’s Health Ministry. In previous conflicts, both sides have stepped up military operations in the final hours before ceasefires as a way to project strength.
Around half of the dead were women and children, Zaher Al-Wahedi, head of the ministry’s registration department, told The Associated Press. He said the toll could rise as hospitals update their records.
A phased withdrawal and hostage release with potential pitfalls
The war began when Hamas-led militants stormed into Israel in a surprise attack on Oct. 7, 2023, killing some 1,200 people, mostly civilians, and abducting around 250. Some 100 hostages are still inside Gaza, and the Israeli military believes around a third and up to half of them are dead.
Under the deal reached Wednesday, 33 hostages are set to be released over the next six weeks in exchange for hundreds of Palestinians imprisoned by Israel. Israeli forces will pull back from many areas, hundreds of thousands of Palestinians would be able to return to what’s left of their homes, and there would be a surge of humanitarian assistance.
The remainder of the hostages, including male soldiers, are to be released in a second — and much more difficult — phase that will be negotiated during the first. Hamas has said it will not release the remaining captives without a lasting ceasefire and a full Israeli withdrawal, while Israel has vowed to keep fighting until it dismantles the group and to maintain open-ended security control over the territory.
Israel’s offensive has killed over 46,000 people in Gaza, mostly women and children, according to the Health Ministry. it does not say how many of the dead were militants. Israel says it has killed over 17,000 fighters, without providing evidence.
The war has destroyed vast areas of Gaza and displaced some 90 percent of its population of 2.3 million people, according to the United Nations.
Israel says final details still being worked out
Mediators from Egypt, Qatar and the US are expected to meet in Cairo on Thursday for talks on implementing the agreement. They have spent the past year holding indirect talks with Israel and Hamas that finally resulted in a deal after repeated setbacks.
President-elect Donald Trump’s Mideast envoy joined the talks in the final weeks, and both the outgoing administration and Trump’s team are taking credit for the breakthrough.
Many longer-term questions about postwar Gaza remain, including who will rule the territory or oversee the daunting task of reconstruction after a brutal conflict that has destabilized the broader Middle East and sparked worldwide protests.
Israel has come under heavy international criticism, including from its closest ally, the United States, over the civilian toll in Gaza. It also blames Hamas for the civilian casualties, accusing it of using schools, hospitals and residential areas for military purposes.
The International Court of Justice is investigating allegations brought by South Africa that Israel has committed genocide. The International Criminal Court, a separate body also based in The Hague, has issued arrest warrants for Netanyahu, his former defense minister and a Hamas commander for war crimes and crimes against humanity linked to the war.
Israel and the United States have condemned the actions taken by both courts.
Hamas, a militant group that does not accept Israel’s existence, has come under overwhelming pressure from Israeli military operations, including the invasion of Gaza’s largest cities and towns and the takeover of the border between Gaza and Egypt. Its top leaders, including Yahya Sinwar, who was believed to have helped mastermind the Oct. 7, 2023, attack, have been killed.
But its fighters have regrouped in some of the hardest-hit areas after the withdrawal of Israeli forces, raising the prospect of a prolonged insurgency if the war continues.