Due to Yemeni Forces' Blockade: Revenues from Israeli Port of Eilat Collapsed by 80% in 2024
Occupied al-Quds- Saba:
The Israeli newspaper "The Marker" revealed that revenues from the port of Eilat collapsed by 80% in 2024, after ships stopped docking there following the blockade imposed by Yemeni forces on maritime navigation in the Red Sea in support of the Gaza Strip.
The Israeli government will vote next Sunday on a draft resolution for compensation conditional on the payment of a debt of 3.2 million shekels accumulated by the port owners.
The draft resolution reveals the extent of the damage to the port due to the blockade imposed by the Yemeni armed forces, which has prevented ships from sailing through the Red Sea, forcing them instead to circumnavigate Africa to reach Israel's Mediterranean ports, Ashdod and Haifa.
From the beginning of 2025 to mid-May, only six ships docked at the port. The suspension of operations placed 21 employees on unpaid leave, compared to only 16 ships docked last year. In 2023, port revenues reached NIS 212 million. In 2024, they decreased by approximately 80%, reaching NIS 42 million, compared to 134 ships docking at the port in 2023.
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