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Israel Shipping Report Q1 2014

Israel Shipping Market: New market analysis released


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2014-04-02 21:50:03 - Israel Shipping Report Q1 2014 - a new market research report on companiesandmarkets.com

The Israeli ports sector is undergoing a state of flux, with the major ports set to be expanded with new, privately operated, terminals, which will be able to handle the larger vessels that are becoming the norm on the key Asia-Europe trade route on which Israel stands. However, the developments are facing strong opposition from current port workers and unions. In terms of demand, moderate growth at Israel´s containerhandling facilities should be supported by steady, though unspectacular, economic growth.

Headline Industry Data

- 2014 Port of Haifa total tonnage throughput to grow by 7.2%, and to average 5.2% to 2018.

- 2014 box handling at Haifa will grow by 4.0% to 1.50mn twenty-foot equivalent units (TEUs).

- Growth projected to average 3.8% to 2018.

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