
DP World and Israel Shipyards sign cooperation agreement

Haifa, Israel (PortSEurope) September 16, 2020 – The UAE’s DP World and Israel Shipyards’ DoverTower subsidiary have signed an agreement to cooperate in shipping and port activities. A joint bid to operate Haifa port is under consideration. DoverTower is owned by Israeli businessman Shlomi Fogel. Israel Shipyards is controlled by Shlomi Fogel, Sami Katsav, the Shmeltzer family and the Gold Bond Group, itself controlled by
Fogel and the Shmeltzer family. In 2015, the Israeli government decided to sell off state-owned assets in order to raise funds to reduce debt, but also to introduce modern efficiencies into state businesses. Haifa seaport was one of the selected assets set for privatisation. Haifa Port is the largest and leading port in Israel in both cargo transportation and passenger and tourist ship service. Chinese companies, such as Shanghai International Ports Group (SIPG), already have operations in Israeli ports and the possible entry of another bidder would be welcome in some quarters. Washington has already stated that it is concerned about increased Chinese participation in key Israeli industries. The U.S. Sixth Fleet is a regular visitor to Haifa port. DoverTower will also partner with DP World to set up a direct shipping line between Dubai and Eilat. Israel Shipyards and Drydocks World Dubai will examine partnering in producing and marketing products in Dubai. Separately, Israeli Prime Minister Benjamin Netanyahu and the foreign ministers of the United Arab Emirates and Bahrain yesterday signed agreements formalizing diplomatic relations between Israel and two Gulf Arab nations. Further reading: Analysis – Israel to privatise Haifa Port, China invests, Washington concerned – March 2020 Copyright (C) PortSEurope. All Rights Reserved. 2020.
Top news
-
1
ZIM reports record financial results for Q1 2022 HAIFA, Israel, May 18, 2022 – ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), a global container liner shipping company, has announced consolidated…
-
2
The sea port of Astrakhan on the Volga River to help Russia bypass Western sanctions Astrakhan, Russia (PortSEurope) May 18, 2022 – Russia is trying to bypass Western transport sanctions via the seaport of Astrakhan…
-
3
Work starts at inland Port of Novi Sad Belgrade, Serbia (PortSEurope) May 18, 2022 – Work has started on the reconstruction of the inland Port of Novi Sad,…
-
4
Maersk launches a new Middle Corridor rail service Copenhagen, Denmark (PortSEurope) May 17, 2022 – Maersk has launched a new rail-sea service connecting Asia to Europe through Central…
-
5
UN is pushing for reopening of Ukrainian ports for grain export in exchange of lifting the ban on potash export from Russia and Belarus Odessa, Ukraine (PortSEurope) May 17, 2022 – The reopening of Russia-blocked Ukrainian ports for at least a limited amount of…