Boston, MA -- (SBWIRE) -- 01/06/2014 -- The Israeli ports sector is undergoing 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 trade route on which Israel stands. However, the developments are facing strong opposition from current port workers and unions. In terms of demand, moderate growth at Israel's containerhandling facilities should be supported by steady, though unspectacular, economic growth.

Headline Industry Data

- 2014 Port of Haifa total tonnage throughput to grow by 7.2%, and to average 5.2% to 2018.
- 2014 box handling at Haifa will grow by 4.0% to 1.50mn twenty-foot equivalent units (TEUs).
- Growth projected to average 3.8% to 2018.
- Israel's total trade is forecast to see real growth of 3.3% in 2014, from a 3.0% expansion in imports and a 3.5% growth in exports. Growth will average 3.3% over the medium term.

View Full Report Details and Table of Contents

Key Industry Trends

Eurogate's Bid For New Israel Box Terminals A Win-Win: Eurogate is reportedly planning a bid to operate two new container terminals on the Israeli coast. Eurogate's main operations have traditionally focused on Europe, but if it is successful the firm will gain exposure to the high-growth MENA region, traditionally dominated by DP World and Gulftainer. For Israel, the country has fallen behind the trend of being able to cater for mega-vessels; an experienced operator such as Eurogate will bring with it muchneeded expertise and investment.

Court Rules On Israeli Port Reforms: The Israeli National Labour Court has ruled that the government has every right to continue with its plans to launch two new privately operated ports in both Haifa and Ashdod. The court has also ordered that talks be held with the existing workforce of the state-owned ports in both locations.

Zim Adds New Open-Top Containers To Fleet: Zim has announced the addition of 420 open-top containers to its fleet. The acquisition of the containers will enable the company to meet the demand of its customers, while providing a younger fleet, Hellenic Shipping News reports.

About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Transportation research reports at Fast Market Research

You may also be interested in these related reports:

- Hong Kong Shipping Report Q1 2014
- Indonesia Shipping Report Q1 2014
- Croatia Shipping Report Q1 2014
- Estonia Shipping Report Q1 2014
- Vietnam Shipping Report Q1 2014
- China Shipping Report Q1 2014
- Iran Shipping Report Q1 2014
- Oman Shipping Report Q1 2014
- United Arab Emirates Shipping Report Q1 2014
- Philippines Shipping Report Q1 2014