Egypt to swap capital gains for stamp duty to boost stock market investment    Petroleum minister, AngloGold Ashanti discuss expanded investments in Egypt    Egypt, Volkswagen discuss multi-stage plan to localise car manufacturing    Egypt denies coordination with Israel over Rafah crossing    Egypt tackles waste sector funding gaps, local governance reforms    Egypt, Switzerland explore expanded health cooperation, joint pharmaceutical ventures    IMF mission begins fifth, sixth reviews of Egypt's economic programme – PM    EGX closes in green area on 3 Dec    Egypt recovers two ancient artefacts from Belgium    Oil prices edged lower on Wednesday    Egypt's Abdelatty urges deployment of international stabilisation force in Gaza during Berlin talks    Egypt opens COP24 Mediterranean, urges faster transition to sustainable blue economy    Private Egyptian firm Tornex target drones and logistics UAVs at EDEX 2025    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Giza master plan targets major hotel expansion to match Grand Egyptian Museum launch    Australia returns 17 rare ancient Egyptian artefacts    China invites Egypt to join African duty-free export scheme    Egypt calls for stronger Africa-Europe partnership at Luanda summit    Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt scraps parliamentary election results in 19 districts over violations    Egypt extends Ramses II Tokyo Exhibition as it draws 350k visitors to date    Egypt signs host agreement for Barcelona Convention COP24 in December    Al-Sisi urges probe into election events, says vote could be cancelled if necessary    Filmmakers, experts to discuss teen mental health at Cairo festival panel    Cairo International Film Festival to premiere 'Malaga Alley,' honour Khaled El Nabawy    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egypt adds trachoma elimination to health success track record: WHO    Egypt launches Red Sea Open to boost tourism, international profile    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Arab inspections halt Yemen food shipments
Published in Albawaba on 11 - 09 - 2015

Shipping to Yemen is grinding to a halt as Saudi-led navy inspections hold up cargoes, shippers say, depriving it of desperately needed fuel and food as aid groups warn of famine.
Before Saudi Arabia and Arab allies intervened in March to try to restore Yemen's president to power and roll back the Iranian-allied Houthi militia, Yemen imported more than 90 percent of its food, mostly by sea.
Since then, many shipping companies have pulled out. Those still willing to bring cargoes face incalculable delays and searches by coalition warships hunting for arms for the Houthis.
Around 23 ships, carrying cargoes such as wheat, rice and fuel, waited to discharge at Hudaida and Salif ports along the Red Sea, ship tracking data on Thomson Reuters Eikon showed. The two ports are still controlled by Houthis.
"The siege is killing us from every direction as prices for just about everything have risen in a crazy way," Mohammad Ibrahim, a government employee, told Reuters by phone from Hudaida.
An official at Hudaida port confirmed that vessel traffic had dropped significantly due to inspections.
"Also, the destruction by the alliance of cranes used to lift goods has also led to a decrease in the ship numbers," he added.
Arab coalition forces bombed Hudaida port in August.
A humanitarian aid and food report compiled this week by the U.S. Navy, seen by Reuters, also showed over 20 ships stuck. The paralyzed ports and damage to flour mills threatened to create more shortages, it said. "This shortfall could leave up to 14 million people without staple wheat/bread products."
An international commodities trade source familiar with Yemen: "The inspections regime is holding up many ships and there is no clear explanation for all of this given many of the cargoes originate in Europe, the United States and Australia."
"Cargo operations anywhere in the country are not functioning on even the most basic level given fuel shortages, power cuts and also the disruptions caused by the inspections, which have become even more unpredictable," the source added.
The United Nations said last week that it would set up an inspection regime to increase the flow of commercial goods into Yemen. The new inspection regime, which the Saudi-led coalition has accepted, is awaiting funding.
Trade sources said even if the U.N. took over inspections, it would still take time for cargoes to flow.
"Even if a U.N. inspections regime comes into effect, there will be a massive backlog of ships, which need to come into the country now," the commodities trade source said.
About 20 million people, or 80 percent of the population, are estimated to be going hungry. The United Nations warned last month that Yemen was on the brink of famine.
The U.S. Navy report, citing aid agency estimates, said Yemen faced a grain shortfall of 170,000 tons per month. According to trade data on Thomson Reuters Eikon, wheat imports into Yemen are estimated to reach 50,000 tons in September versus 35,000 tons in August and 159,503 tons in June.
Fuel shortages have spread disease and suffering in arid Yemen, where access to water is mostly depends on fuel-powered pumps. Aid and commercial assessments show Yemen needs to import over 500,000 tons of fuel every month.
U.K.-based consultant James Firebrace, who has worked on water and economic issues in Yemen for several years, said the water situation was already highly fragile and an outbreak of dengue fever in Taiz, the country's third-largest city, was adding to the worsening toll.
"Fuel is needed to pump water and irrigate crops. Yemen's fishermen have been unable to go out and fish from lack of fuel," Firebrace said. "All of this is pointing to a severe breakdown in the functioning of the country's economy – both rural and urban."


Clic here to read the story from its source.