Israel's Ship Industry Urges Government to Help with Jump in War Insurance
Ships sailing for Israel face a 10-fold jump in war risk premiums as the conflict in Gaza intensifies, prompting industry calls for the government to help ensure vital imports keep coming.Israel has vowed to annihilate Islamist group Hamas after its fighters stormed through Israeli towns from Gaza on Oct. 7, killing 1,400 people and seizing more than 220 hostages.Israeli forces have hit back with deadly air strikes and now a ground offensive on the narrow coastal strip, with growing fears the conflict could escalate and pull in the whole region.Israel…
Evergreen Line Declares Force Majeure on Israel Shipment
Taiwanese container shipping line Evergreen has declared force majeure on a shipment to the Israeli port of Ashdod, with its Ever Cozy vessel diverted to Haifa further north due to safety concerns, according to a customer note.This is one of the first force majeures declared since Hamas Islamists launched attacks on Israel on Oct. 7, amid preparations by Israel's military to launch ground operations into Gaza in retaliation.The Ever Cozy was sailing towards Haifa port on Tuesday, according to data from ship tracking and maritime analytics provider MarineTraffic.Israel has vowed to annihilate Hamas Islamists after its fighters stormed through Israeli towns from Gaza…
Backlog at Israeli Ports Grows
The backlog of ships is growing at Israeli ports while operations continue at most terminals amid preparations by the military to launch a ground assault in the Hamas-controlled Gaza Strip, according to data and sources.Israel has vowed to annihilate Hamas in retaliation for a rampage in which its fighters stormed through Israeli towns a week ago, shooting civilians and seizing scores of hostages in the worst attack on civilians in Israel's history.Israel has faced heavy rocket barrages including in the south of the country…
Israel Highlights Fragility of New Trade Corridors
A new and deadly chapter of the decades-old Israel-Palestinian conflict is a reality check for an ambitious trade route. The India-Middle East-Europe Economic Corridor (IMEC), championed by Washington last month on the sidelines of the G20 summit in New Delhi and dubbed a Western rival to China’s Belt and Road, had much to prove anyway. The latest conflict presses pause on any grand financial visions involving the neighbourhood.IMEC’s chief backers waxed lyrical about the potential of the trade route involving railways, ports and green energy. U.S.
Libra's Lomar Acquires German Tanker Firm Carl Büttner
A subsidiary of global private business group Libra has acquired German tanker company Carl Büttner Holding (CB) for close to $160 million, the unit said on Monday in its latest expansion into shipping.Lomar - Libra's global ship owning and management unit, which has around 50 ships in its fleet including container ships and dry bulk vessels - has completed the acquisition of CB, which has a fleet of chemical and oil products tankers.CB would "benefit from the strength of Libra Group’s network around the world", Libra's executive chairman George Logothetis said."This is an exciting time for Lomar, and we look forward to many innovative and future-thinking announcements to come."Lomar was part of one of the consortiums that bid for the Israeli port of Haifa…
Asian Investors Bet on Haifa Port as Israel Draws Closer to Arab Gulf
The city of Haifa is set to become an increasingly significant east Mediterranean shipping hub, with Chinese and Indian firms buying into its ports as Israel normalizes ties with its Gulf Arab neighbors under a U.S. diplomatic push.Earlier this month, as U.S. President Joe Biden visited the Middle East, India's largest port developer Adani Ports and Israeli minority partner Gadot agreed to buy Haifa Port for 4.1 billion shekels ($1.18 billion).Its founder, Asia's richest man Gautam Adani…
Israel Sells Haifa Port for $1.2B
Israel said on Thursday it will sell Haifa Port, a major trade hub on its Mediterranean coast, to winning bidders Adani Ports APSE.NS of India and local chemicals and logistics group Gadot for 4.1 billion shekels ($1.18 billion).Gadot and Adani made it to the end of a two-year tender process that Israel hopes will lower import prices and help shorten notoriously long wait times at Israeli harbors."The privatization of the port of Haifa will increase competition at the ports and lower the cost of living…
DP World Pulls Out of of Haifa Port Privatization Bid
Dubai's DP World has pulled out of a joint bid with an Israeli company to privatize Israel's Haifa port, Israel's privatization body said.Israel is selling its state-owned ports and building new private docks in an effort to encourage competition and lower costs.DP World had signed an agreement with Israel Shipyards Industries for exclusive cooperation in the privatization of the Haifa port, one of Israel's two main sea terminals on its Mediterranean coast.But in a statement released late Thursday…
Israel Opens Chinese-operated Port in Haifa
Israel has opened a new shipping port along its Mediterranean coast that will bring much needed competition to a sector plagued by delays and boost the country's standing as a regional trade hub.The 5.5 billion shekel ($1.7 billion) Bay Port at Haifa, which will be operated by Shanghai International Port Group (SIPG), will enable larger classes of cargo ships, carrying 18,000 containers or more, to dock in Israel.The country is selling its state-owned ports and building new private docks in an effort bring down costs and cut above-average wait times for vessels to unload.
Haifa Port Sale Expected to Fetch $600m or More, Bidders Line Up
Four investment groups are looking to acquire the Israeli port of Haifa estimated to be valued as high as $600 million with formal bids expected towards October, sources with knowledge of the matter said.Israel is selling its state-owned ports and building new private docks in an effort to encourage competition and bring down costs. At the same time, warming ties with neighboring Arab countries are creating new trade opportunities and Haifa is well placed to become a regional…
Shipping Influx Infuriates Israeli Environmentalists
The first cargo ships from Dubai that docked last year in the Mediterranean port of Haifa were met by celebration in Israel. Flags waved. Reporters gathered. The prime minister walked the pier and gave a speech about the fruits of making peace.There was zero fanfare, however, when oil tankers began arriving at the smaller Israeli port of Eilat on the Red Sea in an arrangement with Emirati partners. Rather than washing machines and cleaning supplies for consumers, the ships unloaded…
Tanker Owners Ask to Switch Ports for Israel Oil Shipments
At least two tanker owners delivering crude oil to Israel have asked to divert from Ashkelon to the port of Haifa because of fighting, shipping sources said on Friday.The most serious fighting between Israel and Gaza militants since 2014 began on Monday after the enclave's ruling Hamas group fired rockets at Jerusalem and Tel Aviv in retaliation for Israeli police clashes with Palestinians near al-Aqsa mosque in Jerusalem.On Tuesday, an industrial area near Ashkelon was hit by…
DP World to Partner with Israeli Firm in Bid for Haifa Port
Dubai's DP World is partnering with an Israeli group to bid for one of Israel's two main ports and to examine opening a direct shipping line between the two Middle East states, it said on Wednesday.The announcement came a day after Israel and the United Arab Emirates signed an historic agreement to normalize ties, and marks a big development in trade and economic collaboration.Dubai state-owned DP World, which operates ports from Hong Kong to Buenos Aires, signed a series of agreements with Israel's DoverTower including a joint bid in the privatization of Haifa Port on the Mediterranean…
IMO Supports Women in Port Management
What do successful, well-run ports and female empowerment have in common? Both can make a significant contribution to sustainable economic development.International Maritime Organization (IMO) provided support to eight female officials from developing countries, with an emphasis on Pacific Small Island Developing States, attended a Port Senior Management Program held at the Galilee International Management Institute (GIMI) in Nahalal, Israel, (6-19 November).The two-week course provides participants with key information and updates on innovations in the port industry. The participants are from: Cabo Verde, Fiji, Kiribati, Mongolia, Papua New Guinea…
Israeli Seaports Reopen as Workers End Strike
Israeli dockworkers on Sunday ended a three-day strike that had shut down the country's two main seaports after a court ordered them back to work.Officials at the Mediterranean ports of Ashdod and Haifa said operations had resumed and that cargo ships were once again being unloaded.The workers had protested against the creation of competing foreign-run docks.The government, frustrated by labour disputes that have disrupted Israel’s trade arteries for years, gave the green light in 2013 to build new terminals next to the state-run ports of Ashdod and Haifa.Union leaders have been negotiating wi
Ships Stranded as Strikes Shut Israel's Main Ports
Striking workers shut down Israel's two main ports, leaving dozens of cargo ships stranded on Thursday in protest against the creation of competing foreign-run docks.At least 17 ships were waiting to unload at Ashdod port, with another 14 lined up to come in.
Israeli Dockworkers End Ports Strike
Israeli dockworkers ended a two-day strike on Thursday that had shut down the country's two main seaports in protest at the creation of new foreign-run ports. Some 2,400 workers had walked out of the ports of Ashdod and Haifa as union leaders went underground and for most of Thursday defied orders from labour courts to return to their posts. Some 40 ships were left waiting to be unloaded. Israel's transport minister had threatened to declare a state of emergency and the workers could have faced criminal charges, before both port workers' unions agreed to end the strike.
Israeli Port Workers Defy Court Order to Continue Strike
Striking Israeli dockworkers defied a court order on Thursday and shut down the country's two main seaports for a second day in protest at the creation of two new foreign-run ports. Spokesmen for the ports of Ashdod and Haifa said 2,400 workers had left their posts and union leaders had gone underground. Forty ships were stuck at quays or off the coast waiting to be unloaded. "The workers made a serious mistake this time," said Transport Minister Israel Katz. The government, frustrated by labour disputes that have disrupted Israel's trade arteries for years, signed contracts with two foreign companies on Thursday to operate terminals adjacent to the state-run ports of Ashdod and Haifa.
Voith Water Tractor "Ilan" in the Port of Haifa
In April, the new Voith Water Tractor (VWT) "Ilan" underwent its official sea trial achieving a speed of 13.5 knots and a bollard pull of 73.5 tons. The Haifa port authority decided in favor of the VWT due to its precise maneuvering capabilities. Each of the two diesel engines supplies the Voith Schneider Propellers with an input power of 2 640 kW. design of the tug in cooperation with the shipyard. Four other VWT equipped with Voith Schneider Propellers already operate successfully in the port of Haifa, one of the largest ports in Israel. The "Ilan" has been designed for a bollard pull of 70 tons whereas those of the other VWTs range between 30 and 55 tons. In recent years, the amount of goods to be handled and thus the shipping traffic in the port of Haifa have been on the increase.
Voith to Propel 70-ton Tug for the Port of Haifa
The Port of Haifa is one of the largest ports in Israel and a key hub for trade in the Eastern Mediterranean. The port handles over 20 million tons of goods a year. Four Voith Water Tractors ensure safe berthing of the container ships. On November, the tug fleet was enlarged by another Voith Water Tractor. With a bollard pull of 70 tons, the "Ilan" stands out from all other vessels. 30, 35 and 55 tons respectively. All vessels use the Voith Schneider Propeller (VSP) propulsion system. increase in capacity following the opening of the Carmel Terminal in 2014 led to the port authority ordering another Voith Water Tractor as a harbor tug. It is not only the enormous bollard pull of 70 tons that makes the "Ilan" stand out.
Changes to Euromed Service
Maersk Line announced a number of changes to its Euromed service (43G) serving Northern Europe to the Eastern Mediterranean, taking effect on 20 July, 2009. The revised rotation, to commence from vessel Maersk Bintan 741/0919, will be Felixstowe-Rotterdam-Bremerhaven-Alexandria-Port Said-Haifa-Ashdod-Gioia Tauro to Felixstowe. With the new Euromed rotation Maersk Line will increase the dedicated capacity to these markets, reduce transit times and expanding the direct port coverage. Maersk Line will also launch a new East-West Mediterranean feeder service to cater for Gioia Tauro-Alexandria volumes as well as other key corridors. The rotation will be Algeciras-Gioia Tauro-Alexandria-Mersin-Izmir-Algeciras.