Resumption of Suez transits in doubt after return of Red Sea hostilities
Hope for a resumption of Suez Canal transits by container lines were dented over the ...
Image: CMA CGM Benjamin Franklin, Vessel Finder
Pressure from customers has apparently caused French mainline operator CMA CGM to u-turn on plans to operate its INDAMEX (Indian Subcontinent-US East Coast) service through the Suez Canal, just weeks after announcing it.
It said it would drop the lengthy detour round the Cape of Good Hope in favour of using the Red Sea transit, and the reversal is likely due to cargo insurers refusing to cover this while the threat of Houthi attacks persists.
INDAMEX ...
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