Suez Canal Authority Chairman Osama Rabie has told shipping giant AP Moller-Maersk there are signs of stability returning to the Red Sea, and urged the company to take that into account when planning sea routes,

British and American ships are tentatively returning to the Red Sea after Yemen’s Houthi rebels vowed to hold off attacks on vessels linked to both nations, a sign that traffic on one of the world’s main trade routes could normalize after more than a year of disruption.

The world’s top three container operators said they fear instability in Gaza and broader regional tensions mean continued danger.

Shipping companies expressed caution about using the shorter route between Asia and Europe that many ships have avoided for more than a year.

U.S. ships are returning to the Red Sea following promises from Yemen’s Houthi rebels to abstain from attacks on American and British vessels. The pledge, which comes after more than a year of

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.

The ship was drifting and ablaze some 225 kilometers off the coast of Hodeida, a port city in Yemen held by the country's Houthi rebels

Top container shippers avoid Red Sea despite Houthi pledge. Maersk, MSC, and CMA CGM wary of security risks in the region.