Israel Shipping Report Q2 2015
We expect moderate growth across Israel's ports in 2015, which will benefit from the base effects of arebound in economic growth following disruption caused by the conflict in 2014. The port of Haifa willreturn to growth following two years of decline in its container throughput. The Israeli ports sector isundergoing a state of flux, with the major ports set to be expanded with new, privately operated, terminals,which will be able to handle the larger vessels that are becoming the norm on the key Asia-Europe traderoute on which Israel stands. However, these developments face strong opposition from current portworkers and unions, which is impacting throughput.
Headline Industry Data
2015 port of Haifa total tonnage throughput to grow by 2.6%, and to average growth of 3.8% to 2019.
2015 box handling at Haifa will expand by 1.8% to 1.22mn twenty-foot equivalent units (TEUs). Positivegrowth projected to continue in 2016 and average 3.1% from 2015 to 2019.
Israel's total trade is forecast to see real growth of 2.8% in 2015, from a 3.5% expansion in imports and a2.0% growth in exports. Total trade growth will average 4.0% over the medium term.
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