Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Russian Ministry of Defense: 37 Ukrainian drones destroyed in 4 hours over regions of Russia and the Black Sea.
Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.

Ashdod port loses 20 million shekels amid war on Gaza: Report

  • By Al Mayadeen English
  • Source: News websites
  • 21 Aug 2024 20:27
4 Min Read

Between the Israeli war on Gaza and Yemen's maritime ban, the occupied port of Isdud suffers significant losses, impacting all areas of operations.

Listen
  • x
  • The Zelek Star cargo ship carrying cement is stranded in the Mediterranean sea beach in the occupied port of Ashdod, Friday, Dec. 27, 2019 (AP)
    The Zelek Star cargo ship carrying cement is stranded in the Mediterranean Sea beach in the occupied port of Ashdod, Friday, Dec. 27, 2019 (AP)

The port of the occupied city of Isdud in Palestine has lost at least 20 million shekels worth of revenue this season, a report by Calcalist revealed, as a direct result of the Israeli genocide in Gaza.

Port losses have worsened following the damage from the war, with the primary cause being a decline across all areas of activity, particularly in the number of ships carrying vehicles and general cargo. The port allegedly anticipates a rebound in the second half of the year as some of the activity returns.

The Israeli war in Gaza and the decrease in maritime transportation volumes continue to impact the financial results of the Isdud Port. The company’s revenue for the second quarter dropped from 261 million shekels in the same period last year to 247 million shekels, a 5% decrease. 

Net profit for the second quarter fell from 47 million shekels in the same period last year to 17.5 million shekels, a 63% decrease. The period ended with a loss of approximately 20 million shekels, compared to a net profit of about 30 million shekels in the second quarter of 2023.

This significant loss is even greater compared to the first quarter of this year, during which the port experienced a loss of 7 million shekels. For the first half of 2024, the port recorded a loss of 29 million shekels, compared to a profit of 71 million shekels in the same period of 2023.

Additionally, the operational loss due to other expenses in the second quarter of 2024 reached 13 million shekels. This was impacted by the ongoing war on Gaza, operational disruptions, and allocations resulting from a framework agreement for company workers, a bonus payment to employees, and a 270 million shekel payment to the Israeli occupation government, along with other allocations.

Related News

Norway wealth fund drops Caterpillar and five Israeli banks

West Bank sees escalating attacks by IOF, settlers

It is noteworthy that the volume of containers loaded and unloaded at the port in the first half of 2024 fell to 322,000 containers, compared to 353,000 in the same period last year, marking a 9% decrease. This decline is attributed to high interest rates, changes in maritime routes due to the Yemeni navigation ban, and a gradual shift in imports from Turkiye. The vehicle sector saw a nearly 50% drop, with approximately 39,000 vehicles unloaded in the first half of 2024 compared to about 79,000 in the same period last year.

The vehicle sector was particularly affected by changes in maritime routes, especially due to the war, and disruptions in the transit of some ships through the Suez Canal. Overall, some ships were not permitted to reach "Israel", while others offloaded cargo at ports in the Gulf and southern regions.

How Yemen's maritime ban impacted the supply chain

The closure of the Eilat port due to Yemeni operations led to shifting the supply chain to Mediterranean ports, which did not benefit Ashdod Port.

For example, the Italian Ministry of Transport advised ships arriving in occupied ports not to offload cargo south of Tel Aviv due to concerns about the war, leading to a halt in visits to Ashdod Port for several months, with significant impacts in the first quarter of the year. 

In the bulk cargo sector (e.g. grains), the damage was relatively minor, around 1%, with 4,421 tons of bulk cargo unloaded in the first half of the year. The volume of general cargo in the same period decreased by 20% to 454,000 tons, particularly affecting imports of metals and timber, which are key components of general cargo.

Passenger ships have ceased coming to "Israel", but the port has indicated preparations to resume operations.

In July, Israeli newspaper Yedioth Ahronoth reported that the Port of Eilat had been nearly closed since November due to Yemeni attacks on ships in the Red Sea.

According to Ynet, the port's CEO, Gideon Golber, stated that the dire situation has left the administration with no choice but to start laying off 50 of the port's 110 employees.

  • Occupied Palestine
  • war on Gaza
  • Yemeni Armed Forces
  • Ashdod port
  • Israel
  • Israeli occupation
  • Yemen
  • Red Sea
War on Gaza

War on Gaza

Most Read

Tom Artiom Alexandrovich, executive director of the defense division of the Israeli National Cyber Directorate, undated (Social media)

Israeli-born US prosecutor drops Israeli officer child sex crime

  • Politics
  • 19 Aug 2025
Almost instantly after the Helsinki Accords were signed, organisations sprouted to document purported violations, whose findings were fed to overseas embassies for international amplification. (Al Mayadeen English; Illustrated by Zeinab el-Hajj)

How ‘Human Rights’ became a Western weapon

  • Opinion
  • 23 Aug 2025
Israeli soldiers stand on the top of armoured vehicles parked on an area near the Israeli-Gaza border, as seen from southern Israel, Wednesday, Aug. 20, 2025 (AP)

Palestinian fighters target Israeli soldiers, vehicles in Gaza

  • Politics
  • 21 Aug 2025
Launch of a ballistic missile from Yemen toward the occupied Palestinian territories. (YAF military media)

Yemeni Forces announce firing hypersonic missile at Al-Lydd Airport

  • Politics
  • 22 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Israeli Prime Minister Benjamin Netanyahu speaks during a press conference at the Prime minister's office in al-Quds, Occupied Palestine, Sunday, Aug. 10, 2025 (AP)
Politics

Netanyahu deliberately derailing truce with Gaza occupation: Hamas

Irish President Michael Higgins arrives to deliver his speech during a 42nd World Food Day celebration at FAO headquarters in Rome, on Oct. 16, 2023. (AP Photo/Alessandra Tarantino)
Politics

Irish president renews call for UN military intervention in Gaza

US Ambassador to Turkey and Special Envoy to Syria Tom Barrack speaks during an interview with The Associated Press at the US Embassy in Aukar, northern suburb of Beirut, Lebanon, Monday, July 21, 2025 (AP)
Politics

US envoy, Netanyahu discuss restraining attacks on Lebanon, withdrawal

Smoke billows following Israeli airstrikes in multiple areas in Sanaa, Yemen, Sunday, Aug. 24, 2025 (AP)
Politics

Ansar Allah vow sustained Gaza support despite Israeli strikes

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS