Zim planned rate increases on January 1. The increase, US$250 per TEUs, is applicable to destination ports in the Mediterranean, Israel, the Black Sea and Northern Europe

The most sophisticated transportation project in the country became operational 17 years after the first tender was published. Estimated annual income from the tunnels will be NIS 160 million

In a report released last week the IMF suggested that indirect taxes may need to be increased. The IMF noted that the challenge for Israel is to sustain growth and low inflation

The celebration was held on board MSC Splendida at the port of Ashdod. MSC Israel president, Edni Simkin, noted that the company will transport TEU300,000 this year, making it the second largest shipping company in Israel

The new rotation will offer, for the first time, three calls at Israeli ports. First sailing of the reconfigured rotation will bw M/V LORRAINE 049, departing Felixstowe on December 11

Israeli maritime delegation of top government officials had secretly visited Europe. The Port is used for trading with Far East & East African countries

Revenues for the third quarter were $1,054 million. Israel Corporation CEO: The improvement in the global trade conditions is an important factor contributing to Zim’s strong results in the third quarter

The agreement would exempt many import and export ventures from duty in both states. Preliminary negotiations would commence soon and a team of experts from Tel Aviv would be reaching New Delhi