shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » Bidders Line-Up For Israel’s Haifa Port With Final Sale In Sight

Bidders Line-Up For Israel’s Haifa Port With Final Sale In Sight

by Joshua
August 11, 2021
in News

Four investment groups are looking to acquire the Israeli port of Haifa estimated to be valued as high as $600 million with formal bids expected towards October, sources with knowledge of the matter said.

Haifa Port

Israel is selling its state-owned ports and building new private docks in an effort to encourage competition and bring down costs. At the same time, warming ties with neighbouring Arab countries are creating new trade opportunities and Haifa is well placed to become a regional hub.

A new container terminal run by China’s Shanghai International Port Group (SIPG) is opening this year just up the coast and Haifa port will have to be upgraded to compete.

Final offers are expected around October, an official with the Government Companies Authority (GCA), which is handling the sale, told Reuters. A winner should be chosen before the end of the year with ownership transferred at the beginning of 2022.

Contenders come from Israel, Europe, India and the United Arab Emirates, which only last year normalised ties with Israel.

The GCA official said the sale was “an orderly, international process”, adding: “geopolitics is not a factor”.

To attract investors who may have concerns about competing with the Chinese-run terminal across the bay, Israel is selling Haifa port with a war chest of about 1.9 billion shekels ($590 million), lots of land to develop and growing consumer demand for goods, the GCA official said.

“We plan to make Haifa the gateway to the Middle East,” said Shlomi Fogel, co-owner of Israel Shipyards Industries, which is jointly bidding with Dubai’s DP World for the port. “We have all the ingredients to make it happen.”

Read Also:  Customs Van Chasing Smugglers Crushes Seven In Katsina, Vehicle Burnt

Britain’s DAO Shipping has teamed up with Israeli infrastructure fund Generation Capital and London-headquartered shipping company Lomar is finalising its participation in the consortium, DAO and Lomar’s parent group Libra said.

“We want the port of Haifa to become a major port for general cargo, cars, roro (roll-on/roll-off ships) and cruise (liners),” DAO Shipping’s CEO Danny Ungar told Reuters.

Libra’s CEO George Logothetis said the project had “the potential to turn the port into a multi-cargo strategic hub that will massively benefit Israel and the wider region”.

India’s Adani Ports is separately partnering with Israel’s Gadot Group, and a fourth suitor includes Israel’s Shafir Engineering, industry sources said.

Shafir and Gadot declined to comment, while officials at Adani did not immediately respond to a request for comment.

shippingposition

Kindly like us on Facebook


Tags: Haifa Port

Related Posts

Mariners Launch Waterside Centre in Lagos, Hold Symposium in Honour of Late Dr. Asoluka

E-Call-Up: Lagos, Stakeholders Agree On From Aug. 1 Take-off, N10,000 Fee

July 18, 2025
Mariners Launch Waterside Centre in Lagos, Hold Symposium in Honour of Late Dr. Asoluka

Customs CG Adeniyi Adopts Public School, Promises Sustained Support for Education, Health and Youth Development

July 18, 2025
Mariners Launch Waterside Centre in Lagos, Hold Symposium in Honour of Late Dr. Asoluka

Navy Hands Over 1,575 Kg Of Cannabis Sativa To NDLEA

July 18, 2025
Mariners Launch Waterside Centre in Lagos, Hold Symposium in Honour of Late Dr. Asoluka

Comptroller Oramalugo Launches Second Edition Of Book On Customs Administration In Nigeria

July 18, 2025

Discussion about this post

Latest News

Mariners Launch Waterside Centre in Lagos, Hold Symposium in Honour of Late Dr. Asoluka

E-Call-Up: Lagos, Stakeholders Agree On From Aug. 1 Take-off, N10,000 Fee

July 18, 2025

Customs CG Adeniyi Adopts Public School, Promises Sustained Support for Education, Health and Youth Development

Navy Hands Over 1,575 Kg Of Cannabis Sativa To NDLEA

Comptroller Oramalugo Launches Second Edition Of Book On Customs Administration In Nigeria

Troops Apprehend 42 Oil Thieves, Recover Stolen Products

Mariners Launch Waterside Centre in Lagos, Hold Symposium in Honour of Late Dr. Asoluka

NCS Seizes 420kg Pangolin Scales In Kano

ISPS CODE VIOLATIONS: NIMASA Shuts Down 2 Facilities In Lagos

Oyetola Unveils Plan to Halt Fish Importation, Targets Massive Boost in Local Production

PTML Customs Command Generates N204.7bn

Nigeria’s Oil Production Rises Above OPEC Quota 

U.S. Tariffs Put 100,000 Jobs At Risk In S/Africa- Governor SARB

kindly like our Facebook page

Health

The Usefulness Of Watermelon Seeds You May Not Know
Health

The Usefulness Of Watermelon Seeds You May Not Know

July 14, 2025

Watermelon is one fruit that’s hard to resist when it gets too hot. It’s sweet and is high in water...

KNOW YOUR BODY PARTS: THE HEART

KNOW YOUR BODY PARTS: THE HEART

June 30, 2025
Why Your Favourite Seasoning Cubes May Be Hurting Your Kidneys

Why Your Favourite Seasoning Cubes May Be Hurting Your Kidneys

June 30, 2025
Contraceptive Pills Can’t Cause Cervical Cancer – Expert

Contraceptive Pills Can’t Cause Cervical Cancer – Expert

June 30, 2025
ONIONS: The Good Old Healing Vegetable

KNOW YOUR BODY PARTS: The Liver

June 16, 2025
ONIONS: The Good Old Healing Vegetable

ONIONS: The Good Old Healing Vegetable

June 16, 2025
Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts

Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts

June 1, 2025
20m Nigerians Live With Mental Health Issues, Says WHO

20m Nigerians Live With Mental Health Issues, Says WHO

June 1, 2025
Health Facts You Didn’t Know

How Your Habit Affects Fertility

May 19, 2025
Fruits For Raining Season

Fruits For Raining Season

May 19, 2025

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition