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The largest container carriers have begun to massively restrict operations in the Persian Gulf countries. Maersk, Hapag-Lloyd, COSCO and a number of other lines are suspending new bookings and reviewing ship routes. The reason was military risks in the region and a sharp increase in insurance rates for passage through the Strait of Hormuz.

Maersk has announced a trial return to the Suez Canal route, the shortest route between Asia and Europe. But does this mean that the crisis in the Red Sea is over? The market still lives in the logic of tests, escorts and expensive insurance, and key carriers are acting cautiously. We look at what is behind the Maersk signal, why CMA CGM is taking a step back again, and how this may affect shipments to Russia.