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First Mega-Container Ship Reenters Red Sea Route as Carriers Test Tentative Return

Insurers say only repeated safe voyages will restore confidence.

Overview

  • Yemen’s Houthi movement signaled a pause in Red Sea attacks in a letter to Hamas tied to the Gaza ceasefire, warning operations would resume if fighting restarts.
  • CMA CGM’s 18,000‑TEU Benjamin Franklin made a trial transit as the first ultra‑large container ship to use the route since 2023, with its AIS reportedly off for six days before reappearing in the Arabian Sea.
  • Additional CMA CGM vessels, including the Zheng He and Jules Verne, have entered or scheduled Suez transits as limited tests, while the carrier says it is not resuming large‑scale operations.
  • Shipping authorities report a slight rise in Suez Canal traffic, but industry groups say owners remain cautious given uncertain Houthi intent and the fragility of the Gaza truce.
  • Analysts say a sustained reopening could add significant AsiaEurope capacity and pressure freight rates, though premiums and diversions are expected to persist until multiple safe passages are confirmed.