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DP World And Israel Shipyards Sign Cooperation Agreement

DP World and Israel Shipyards sign cooperation agreement

Source: DP World
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.

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