NYN | News
The UK-based site The Loadstar, specializing in shipping and logistics, reported that the Taiwanese shipping giant Yang Ming, a member of the Premier Alliance, is seriously considering resuming its voyages through the Red Sea in the near future.
The report explained that shipping lines within the Premier Alliance are initially preparing to return to the Red Sea and the Bab el-Mandeb Strait. However, implementing this step remains conditional on the stability of the ceasefire agreement in Gaza. Practically, this means the continuation of the halt in Yemeni military operations that targeted navigation linked to the Israeli occupation entity and its allies in recent months, in response to the ongoing campaign of genocide, ethnic cleansing, and forced displacement against Gaza’s population.
The report noted that this move represents a significant strategic shift after months during which global shipping companies were forced to reroute via the Cape of Good Hope, incurring higher travel times and operational costs.
The Loadstar cited Yang Ming’s CEO, Cliff Pai, emphasizing the company’s commitment to resuming its vessels’ passage through the Red Sea as soon as possible.
Pai stated:
*”As an individual shipping company, it is impossible to make a unilateral decision to return to the Red Sea route. We must discuss and coordinate this decision with our partners in the Premier Alliance, which also includes ONE and HMM.
However, we are all extremely eager to return to using the Suez Canal and Bab el-Mandeb as soon as possible, given the significant savings in both time and operational costs this route offers compared to alternatives.”*
According to the report, this anticipation reflects shipping companies’ recognition of the shifting balance of risks in the region. Developments in the Red Sea have imposed a new reality on global trade movements, making political and security stability a decisive factor in reshaping international navigation maps.
