International Finance
Ports and Shipping

DP World and Israel Shipyards to bid for Haifa Port

DP World Israel_IFM_Image
The parties will also examine opening a direct shipping line between UAE and Israel

Dubai-based port operator and supply chain company DP World and Israel Shipyards are planning to jointly bid for Israel’s largest shipping port- Haifa Port, the media reported.

DP World signed a memorandum of understanding (MoU) with Israel’s DoverTower- co-owner of Israel Shipyards, with regard to the privatisation of Haifa Port on the Mediterranean.

The parties will also examine opening a direct shipping line between UAE and Israel.

DP World Chairman Sultan Ahmed bin Sulayem told Arabiya TV, “Israel has two ports, the port of Ashdod and the port of Haifa. They are strong ports in excellent locations. If there is an opportunity, there is nothing to prevent us from having a presence there.”

“Our work to build trade routes between the UAE, Israel and beyond will help our customers to do business in the region more easily and efficiently,” he added.

Unifeeder, a subsidiary of global port operator and supply chain company DP World,

acquired three business units of UAE-based Transworld Group, the media reported.

The three units of Transworld Group acquired by DP World Unifeeder include

Transworld Feeders FZCO, Avana Logistek, including its subsidiary Avana Global FZCO,

and Transworld Feeders, the containerised Indian coastal and Exim feeder shipping

operations of Shreyas Shipping and Logistics.

The financial details of this deal are not yet disclosed.

Last month, DP World has announced the completion of a 400 meter extension of the Berbera Port in Somaliland.

The extension will increase the terminal’s capacity to 500,000 TEUs per year, according to the Dubai Port Company.

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