The port of Umm al-Rashrash, known by the Israeli occupation as “Eilat” on the southern Red Sea, is heading towards officially declaring bankruptcy due to the blockade imposed by Yemen.

The specialized transport and maritime shipping site World Cargo News reported on Saturday that the economic impact of Yemeni forces’ strikes on ships linked to the Israeli entity in the Red Sea and the Gulf of Aden has led to this significant decrease in activity. The port requested financial aid from the Israeli government months ago.
The report added: “Despite a brief uptick in activity in the fourth quarter of 2022, the port has seen no activity or revenue for the past eight months,” according to CEO Gideon Golbert, who testified before the Knesset’s Economic Affairs Committee on July 7.

Al Masirah report