• About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Infrastructure Logistics

Ship of Hope: Commercial Cargo Shipments Resume from Hodeida Port 

The Global Economics by The Global Economics
February 28, 2023
in Logistics, Top Stories
Reading Time: 3 mins read
0
Ship of Hope: Commercial Cargo Shipments Resume from Hodeida Port

Ship of Hope: Commercial Cargo Shipments Resume from Hodeida Port

29
SHARES
162
VIEWS
FacebookTwitterRedditWhatsAppLinkedInFacebook

As the shadow of war, economic disruption, social instability, and state failure looms dark over large portions of the world, there seems to be a bright spot in one of the world’s most war-torn regions. On February 26, a container ship carrying commercial cargo entered Hodeida Port for the first time since 2016.

While the ship’s cargo will still have to be vetted by officials from UNVIM (United Nations Verification and Inspection Mechanism for Yemen) to ensure that it does not contain illegal contraband such as arms, ammunition, or drugs, it is still a big stride forward towards normalization in a region which sorely needs it.  

This is the first time the UNVIM has allowed regular commercial cargo, replacing the earlier policy of only allowing selected items such as fuel and foodstuffs. According to a Yemeni official, this change in policy is part of a trust-building exercise that the United Nations hopes will help rekindle truce talks. While the UN did broker an earlier truce, it has since expired, and fighting has resumed. Hodeida is the main port controlled by the Houthi rebels, and all previous shipments were routed from the government-controlled Aden Port, which massively drove up costs and corruption. It is hoped that the resumption of shipping from Hodeida will ease the situation of the millions of refugees in the region. 

The Yemeni Civil War has raged since 2014 between the government and the Houthi rebels. It is widely recognized as a proxy war between Saudi Arabia, which backs the government, and Iran, which backs the Houthis, as part of their region-wide struggle for primacy. The Iranians have provided political, economic, intelligence, and military support to the Houthis, most notoriously in the form of attack drones. The impetus for Iran is the common Shia Islamic religion between them and the Houthis, as well as a desire to strategically encircle and hamstring the Saudis. Just recently, the United States Navy intercepted a shipment of arms heading to the Houthis, which the Iranians have denied. 

Meanwhile, Saudi Arabia has led a coalition of 8 Arab states in a largely unsuccessful airstrike campaign supporting the government. The United States has also provided aid to Saudi Arabia in the form of arms sales, intelligence, and drone strikes, citing the presence of Al-Qaeda operatives in the region as its rationale. While the arms sales were frozen by President Joe Biden, intelligence support continues.  

There is also a third side in the form of the Southern separatist movement, which is supported by the United Arab Emirates and splintered from the anti-Houthi faction. However, the bulk of the fighting continues to be between the Houthis and the Rashad Al-Alimi government.  

The war has killed around 400,000 people from violence, famine, and epidemics and has displaced at least 4 million. It is estimated that around 80% of Yemen’s 30 million population needs urgent assistance, making it one of the largest humanitarian crises in the world. Thus, this step by the UNVIM is being hailed as a vital step towards restoring peace and saving millions from hunger, disease, and war. While Sunday’s ship, the Ethiopian-flagged SHEBELLE, is the first, Reuters has reported three more in line. Hopefully, many more will follow.  

Source: short URL
Tags: commercial cargoHodeida PortUnited NationsUNVIMyemenYemeni Civil War
The Global Economics

The Global Economics

The Global Economics Limited is a UK based financial publication and a bi-annual business magazine giving thoughful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

Related Posts

US and Ukraine Sign the High-Stakes Critical Mineral Pact
Trending

US and Ukraine Sign the High-Stakes Critical Mineral Pact

by The Global Economics
May 1, 2025
Global Tariffs Can't Slow Down China’s Growing Steel Production
Global Trade

Global Tariffs Can’t Slow Down China’s Growing Steel Production

by The Global Economics
April 16, 2025
Google to Finalize its Biggest Deal with Cyber-Security Startup Wiz
Technology

Google to Finalize its Biggest Deal with Cyber-Security Startup Wiz

by The Global Economics
March 19, 2025
Alibaba's RISC-V Chip Will Be a Game-Changer for China's Semiconductor Industry
Technology

Alibaba’s RISC-V Chip Will Be a Game-Changer for China’s Semiconductor Industry

by The Global Economics
March 10, 2025
Cop16 Deal Secures Billions of Dollars for Biodiversity Protection
Top Stories

Cop16 Deal Secures Billions of Dollars for Biodiversity Protection

by The Global Economics
February 28, 2025
Twitter Youtube LinkedIn Soundcloud
the global economics logo

The Global Economics Limited is a UK based financial publication and a Bi-Monthly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

Thailand Aims to Ease US Deficit and Avert 36% Tariffs

Thailand Aims to Ease US Deficit and Avert 36% Tariffs

May 20, 2025
After Years in the Shadows, Emerging Markets Are Back in the Spotlight

After Years in the Shadows, Emerging Markets Are Back in the Spotlight

May 19, 2025
Japan’s Banks Mark Record Profits Despite Economy Shrinking 0.7%

Japan’s Banks Mark Record Profits Despite Economy Shrinking 0.7%

May 16, 2025
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version