BMI View: We expect moderate growth across Israel's ports in 2015, which will benefit from the base effects of a rebound in economic growth following disruption caused by the Operation Protective Edge conflict in 2014. The port of Haifa will return to growth following two years of decline in its container throughput. 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 se developments face strong opposition from current port workers and unions , which is impacting throughput .
Headline Industry Data
2015 port of Haifa total tonnage throughput to grow by 2.8%, and to average growth of 3.7% to 2019.
2015 box handling at Haifa will expand by 1.8% to 1.22mn twenty-foot equivalent units (TEUs). Positive growth projected to continue in 2016 and average 3.0% 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 a 2.0% growth in exports. Total trade growth will average 3.8% over the medium term.
Key Industry Trends
New Terminal Concessions Awarded: In April 2015, it was reported that Israel Ports Company had granted two concessions to operate and maintain Ashdod's Southport terminal and Haifa's Bayport terminals to Terminal Investment Limited and Shanghai International Port Group, respectively. The winners will complete the development of their respective terminals, and operate and maintain the facilities for 25 years from 2021. The terminals will have two quays with a total length of about 1,600m and maximum waterside depth of 17.3m. The concessionaires will also procure and install operational equipment such as vehicles, cranes, information management systems and other equipment required. The initial capacity for both terminals is expected to...
The Israel Shipping Report has been researched at source and features latest-available data and BMI Research's independent forecasting, critically analysing international transport of dry bulk and containers. The report evaluates the global commodities and trade backdrop, alongside in-depth country-specific analysis of trade prospects. The report also contains company profiles covering leading multinational and national shipping companies and analysis of latest industry news, trends and regulatory developments in Israel.
BMI's Israel Shipping Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the shipping industry in Israel.
- Benchmark BMI's independent shipping industry forecasts for Israel to test other views - a key input for successful budgeting and strategic business planning in the Israeli shipping market.
- Target business opportunities and risks in Israel through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
- Exploit the latest competitive intelligence and company SWOTS on your competitors and peers including multinational and national companies.
BMI Industry View
Summary of BMI's key industry forecasts, views and trend analysis covering shipping, major investments and projects and significant multinational and national company developments.
SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis of the state's shipping sector, which carefully evaluates the short- and medium-term issues facing the industry.
Analysis of the capacity, terminals and planned development of the major ports in each country, including data on throughput and total tonnage.
Industry Forecast Scenario
Historic data series (2008-2012) and forecasts to end-2018 for all key industry and macroeconomic indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:
Major port freight throughput (tonnes/teu); overall freight throughput (teu); total imports (US$bn) and exports (US$bn).
Company profiles include business activities, leading products and services, company strategy, trends and developments and economic performance analysis.