Dollar shortages hit Yemen ship container trade

Author: 
REUTERS
Publication Date: 
Thu, 2011-04-14 23:39

Roy Facey, port development adviser to the Port of Aden, said the Aden Container Terminal and the neighboring terminal at Ma’alla were seeing a slower number of box consignments being handled, with bagged sugar imports affected.
“The traffic volumes are lower because of the shortage of US dollars in the banks for traders to purchase goods from outside,” he said.
“A lack of dollars in the local market causes serious problems for traders in opening LCs (letters of credit).”
Ma’alla also handles general and dry bulk cargo.
Yemen’s opposition have rejected an offer to join talks on a transfer of power and set a two-week deadline for President Ali Abdullah Saleh to step aside.
A number of companies and public organizations have boosted security at port facilities around Aden due to the unrest although there have not been disruptions to operations.
“There is no change to the situation at the port, which is operating normally,” Facey said.

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