According to CoinMeta, as reported by Nikkei News, Japanese shipping group Ocean Network Express (ONE) sent a container ship through the Strait of Mandeb at the southern end of the Red Sea for the first time in about three years. ONE is a joint venture established by Japan Post Marine, Mitsui Lines, and Kawasaki Kisen, Japan's three major shipping companies. Since December 2023, the company has suspended operations on its Eurasian routes via the Red Sea and the Suez Canal due to escalating regional tensions. A month prior to that, Houthi rebels from Yemen hijacked a car carrier operated by Japan Post Marine that was sailing near the Strait of Mandeb. Despite the ongoing attacks by Houthi rebels on Saudi oil facilities and the persistent regional tensions, ONE announced in October its plan to resume operations on the Red Sea routes. A cargo ship destined for Europe arrived at the waiting area in the southern part of the Suez Canal in the early hours of Sunday, Japanese time. ONE hopes to reduce transportation times by resuming Red Sea routes and thereby expand its freight volume again.