On Jan. 16, Maersk and Hapag-Lloyd, two of the world's leading shipping companies, announced they did not see an immediate return to the Red Sea after the ceasefire between Hamas and Israel was announced.

Houthi, said the Iran-aligned group will monitor the implementation of a ceasefire deal between Israel and Hamas and will continue its attacks on ships in the Red Sea if it is breached.

The Yemen-based Houthis signaled a pause in their months-long attacks on commercial ships following a ceasefire deal between Israel and Hamas.

The Houthis pledge to cease attacks on Israeli and US vessels in the Red Sea, contingent on the Israel-Hamas ceasefire agreement.- Watch Video on English Oneindia

Maritime security officials said on Thursday they were expecting Yemen's Houthi militia to announce a halt in attacks on ships in the Red Sea, after a ceasefire deal in the war in Gaza between Israel and the militant group Hamas.

Companies transporting their products around the world are not ready to return to the Red Sea trade route in the wake of a Gaza ceasefire deal because of uncertainty over whether Yemen's Houthis will continue to attack shipping,