DP World announced a 60% drop in its profits, attributing this decline in part to the operations carried out by the Yemeni armed forces against the Israeli occupation in the Red Sea, in support of the resistance in the Gaza Strip.
The company achieved profits of $265 million during the first half of this year, down from $651 million achieved during the same period last year.
The company said in a statement that the situation in the Red Sea led to an increase in operating costs and caused disturbances.
Shipping companies began to go around the Cape of Good Hope off the coast of South Africa, with the aim of avoiding the Red Sea entirely, which affected shipping through the Jebel Ali port in Dubai, where DP World is headquartered.
It is noteworthy that the Yemeni armed forces continue to target ships linked to the Israeli enemy entity in the Red Sea, in support of Gaza, and American and British ships, in response to the renewed American-British aggression on Yemen.
