MIDDLE EAST

Aussies eye Israels Eilat

21 years ago

Representatives of an Australian shipping company have visited Israel with a view to purchasing Eilat Port. The group is also reportedly interested in investing in the proposed rail link between Eilat and Ashdod which could provide an alternative to the Suez Canal. Also interested in acquiringAlso in the bidding for Eilat is Israel Shipyards, which owns yards in Haifa where it has been granted a license to compete for cargo traffic against the incumbent stevedoring company.

CentrePort Wellington chief executive Liz Ward indicated the cranes would be a significant driver in achieving greater productivity and service reliability. “Our business strategy is to grow revenue through an integrated logistics approach to port facilities, services and property interests, ” says Ms Ward. “However, CentrePort Wellington is foremost a port.

Sammy Ofer, owner of Zim Israel Navigation, is also said to be considering a bid via his Israel Corporation.

Eilat Port, which was built in 1957, acts as an effective southern gateway to Israel, linking services from Africa, Asia, the Mediterranean and Europe.