Frontline CEO Sees Ships Avoiding Red Sea Even With a Cease-Fire
- It’s ‘naive’ to think vessels will immediately return: Barstad
- Houthi rebels have been attacking ships since late last year
Houthi rebels in Yemen have been attacking merchant vessels since late last year.
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It’s “naive” to assume merchant vessels will start sailing through the Red Sea again if there’s an agreement to end the war between Israel and Hamas, the boss of a major oil-tanker company said Wednesday.
Any deal would be fragile and offer no guarantee that seafarers would be safe traveling through the region, according to Lars Barstad, chief executive officer of Frontline Management AS, which runs one of the world’s largest fleets of giant supertankers.