Adani Ports confirms Israel-based Haifa Port infrastructure fully secure and operational amid conflict
Adani Ports and SEZ Ltd's Haifa Port has confirmed that its assets and infrastructure are secure and operational, with all employees safe. The port authority is closely monitoring the situation and coordinating with the Ministry of Transport to en...
"Haifa Port Company confirms that all its employees are safe, and all port assets and infrastructure are fully secure and in operational condition," APSEZ said in a statement.
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The port authority is continuously monitoring the situation and is in close coordination with the Ministry of Transport and Road Safety and operating as per their instructions.
"We remain committed to ensuring the safety of our people and the continuity of operations, maintaining stability for Israel’s supply chain and international trade," it said.
Several shipping and airports were targeted during the strikes on several nations. Dubai's international airport, its landmark Burj Al Arab hotel and man-made Palm Jumeirah Island all suffered damage during the attacks.
Oman's Duqm commercial port was targeted by two drones, wounding one worker, as reported by Reuters.
Adani's Haifa Port in Israel
APSEZ operates 19 ports and terminals, including 15 in India and 4 international ports across Australia, Colombo, Israel, and Tanzania. The company acquired the Haifa Port Company for $1.13 billion in 2022.In Q1 FY25, the Haifa port reported 25% YoY growth in container volume and 38% YoY growth in other cargo volume, leading to overall volume growth of 29% YoY. This quarter witnessed the highest quarterly revenue and operating EBITDA for Haifa Port since its acquisition by APSEZ.
Haifa Port is located up in the northern part of Israel and is the largest port of the country, that handled 56% of the nation's cargo volume in 2021. It gets all cargo types - container, bulk, general, liquid and vehicles.
The key port, with its 10 terminals, serves a vast hinterland, particularly the two major cities of Israel i.e. Haifa (300 m away) & Tel Aviv (90 kms away) and has good connectivity with rail & road.
The Haifa Port Company operates and maintains 5 terminals (2 Container, 2 Multi-cargo & 1 passenger) at Haifa Port with 2 km waterfront and a max draft of 16.5 m.
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