"Because Yemen imports nearly 90 percent of its food and other essential commodities, economists and humanitarian organisations warn that the rise in shipping and insurance costs could quickly translate into higher prices for fuel, food and other goods, further worsening an already dire humanitarian situation."
"Our ports are far from the areas of geopolitical tension in the Gulf and the Strait of Hormuz, making the imposition of risk' fees on shipments to these relatively safe areas unjustified from both operational and security perspectives."
"Local traders and officials have said that international shipping companies informed importers earlier this month of the imposition of new fees of about $3,000 on each container bound for Yemen, described as war risk fees."
International shipping companies have imposed new war risk fees of approximately $3,000 on containers bound for Yemen, prompting concern among economists and humanitarian organizations. Yemen imports nearly 90 percent of its food and essential commodities, making it vulnerable to price increases from rising shipping and insurance costs. Yemen's transport minister rejected the fees, arguing that Yemeni ports are located far from geopolitical tensions in the Gulf and Strait of Hormuz, making such surcharges unjustified. The move threatens to further deteriorate an already severe humanitarian situation in a country devastated by over a decade of conflict between the Saudi-backed government and the Iran-aligned Houthi movement.
#yemen-humanitarian-crisis #shipping-surcharges #food-security #geopolitical-tensions #economic-impact
Read at www.aljazeera.com
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