Market Report, "Israel Shipping Report Q1 2015", published

From: Fast Market Research, Inc.
Published: Fri Jan 23 2015

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 se developments face strong opposition from current port workers and unions, which is impacting throughput .

Headline Industry Data

* 2015 port of Haifa total tonnage throughput to grow by 3.2%, and to average growth of 3.8% to 2019.
* 2015 box handling at Haifa will expand by 5.2% to 1.20mn twenty-foot equivalent units (TEUs). Positive growth projected to continue in 2016 and average 3.8% from 2015 to 2019.
* Israel's total trade is forecast to see real growth of 3.2% in 2015, from a 3.3% expansion in imports and a 3.0% growth in exports. Total trade growth will average 3.7% over the medium term.

Full Report Details at

Key Industry Trends

Return Of Zim Will Cut Shipping Costs : The return of Zim's transhipment activity at the port of Haifa in September 2014 will reduce operational costs for shippers that relied on feeder services from the Greek port of Piraeus for much of the year.

Haifa Port Workers Start Industrial Action : Workers at Israel-based Haifa port went on a sudden strike on October 28 2014 against the plan for the construction of new ports in Haifa and Ashdod. The workers are also protesting the decision to auction a minority stake in government companies including the Ports Company. The strike coincided with the foundation laying ceremony at the new Ashdod port.

Government Reaches Agreement For Ashdod Port Construction Project : China Harbour Engineering Company and the government of Israel have reached an agreement to commence construction on a private port in Ashdod. The two sides have agreed on an investment of USD900mn for the port after negotiations for a three-month period.

Key Risks To Outlook

The major risk to our projections at present...

The Israel Shipping Report has been researched at source and features latest-available data and Business Monitor International (BMI)'s independent forecasting, critically analysing international transport of dry bulk and containers. The report evaluates the global commodities and trade backdrop, alongside in-depth country-specific analysis of trade prospects. The report also contains company profiles covering leading multinational and national shipping companies and analysis of latest industry news, trends and regulatory developments in Israel.

BMI's Israel Shipping Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the shipping industry in Israel.

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Contact Name: Bill Thompson
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