Haifa Port: 15.4% increase in container movements in Q1

During the first quarter of 2006 it handled TEU 298,000, an increase of 15.4% compared to the parallel period last year (TEU 252,000), and 7% increase compared to the last quarter of 2005
22.05.06 / 00:00
Haifa Port: 15.4% increase in container movements in Q1
22.05.06
Haifa Port: 15.4% increase in container movements in Q1
•

Haifa Port Ltd. announced last week that during the first quarter of 2006 it handled TEU 298,000, an increase of 15.4% compared to the parallel period last year (TEU 252,000), and 7% increase compared to the last quarter of 2005.
 
The company added that the port handles 70% of all container movements in Israel.
 
Mr. Amos Uzani, president of the port said that due to the increase in container movements the company is studying a proposal to increase its investment budget by NIS150.- which will enable the company to buy three more container gantry cranes at a cost of NIS 120.
 
Uzani added that the port company had targeted to handle TEU 2 millions annually ( in 2005 the company handled TEU 1.123 ) before the completion of the new Carmel Port.

The first vessel is expected to be served at the Carmel terminal at the end of 2008. Phase I works are schedule to be completed during the first half of 2009.

 

More articles that may interest you
The auction will offer up to 450 rare items with a total value of up to $50 million. Among the items: diamond earrings set with two emerald drops weighing 61.8 carats, and diamonds weighing over 10 carats and more
Highlight of 32nd World Diamond Congress: Auction of Diamonds, Gemstone and Jewelry
From totaled $2.73 billion in 1Q 2006, compare with $1.79 billion in the 1Q of 2005. The increase in the trade deficit was largely due to higher costs of imported energy products
CBS: Israel’s trade deficit January-April 2006 up
Delegations from 40 countries came to Israel for Agritech 2006, including 20 delegations from China, six from Mexico, five from India, and one from Vietnam
Assia: exports of agriculture equipment and raw materials $1.85b in 2005
Brosh: “With small aid of $40 - $45 million a year over the next two years, industry can boost exports by $2 billion, and create 30,000 jobs”
Brosh: Government Should Make Export an Economic Priority
Iscar, one of the world's largest (by sales) manufacturers of carbide industrial-cutting tools is the first business Buffett's firm purchased outside the US
Lynn: the acquisition of Iscar by Warren Buffett puts Israel on the investment map
The Israel Electric Corp announced last week that Transclal Trade Ltd. has won an estimated US$1 million contract to manage The Israel Electric Corpworldwide air freight logistics operations including customs brokerage
Transclal Trade has won Israel Electric Corp's worldwide air freight services tender
More news from Sea Transport Section
>Haifa Port buys 2 Kocks container gantry cranes for €12.5m/08.05.06 >Israeli ports reform – still much to be done/01.05.06 >Zim has launched a new Indian-US Service/24.04.06 >ISC oppose EMTA's decision to raise freight rates to Israel/24.04.06 >Labor dispute at ports create instability/10.04.06 >Brosh: shippers will boycott Ashdod Port unless workers end the disruptions/03.04.06 >"Mona Lisa" cruise ship called at Ashdod port last week/03.04.06 >Ashdod port marks second anniversary to the Suicide bombing that killed 8 workers/27.03.06 >Estimation: development momentum at Zim – will buy ships for millions/20.03.06 >Ashdod Port Company purchased two new gantry cranes/14.03.06