Global shipping giant Maersk will restart operations in the Red Sea after suspending activity there following attacks by Houthi rebels on commercial vessels, CNN reports.

The Danish company announced that it would resume shipments in the Red Sea and Gulf of Aden following the establishment of a new US-led security operation to safeguard the area.

Operation Prosperity Guardian will once again allow shipping vessels to pass through the area, Maersk said in a statement, in what it called “most welcome news for the entire industry and indeed the functionality of global trade.”

The multinational security operation includes the United Kingdom, Bahrain, Canada, France, Italy, the Netherlands, Norway, Seychelles and Spain.