Connect with us

Hi, what are you looking for?

Jewish Business News

World News

Eilat-Aqaba port Red Sea route inaugurated

A new route for the export of goods to Asia and the Arab world from the Eilat and Aqaba ports has been opened.


Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

A new route for the export of goods to Asia and the Arab world from the Eilat and Aqaba ports was inaugurated today in a ceremony attended by dozens of Palestinian businessmen who hope that exports via Aqaba will prevent delays and remove obstacles at Israel’s ports. The Eilat Port Company Ltd. and Shlomi Fogel, an owner of the port and the private port Israel Shipyards Ltd. are behind the initiative.

Two months ago, “Globes” reported that the Eilat Port began operating a feeder container ship to carry up to 124 containers at a time on the 40-minute trip between it and the Aqaba Port. The idea is to create an trade route in addition to Ashdod Port Company Ltd. and Haifa Port Company Ltd. using Aqaba Port facilities, which are among the largest and most modern in the Middle East. “The entire process takes no more than 24 hours, ” Eilat Port CEO Gideon Golbar. “Our objective is to create an alternative to overland transport, which limits capacity and availability.”

Aqaba Port Corporation manager Yaffa Neiman Janssen told “Globes” that it was a port of call for major shipping companies and goods could be delivered to destinations all over the world. He said that the port could unload up to 30 containers an hour, compared with 25 containers an hour at Israeli ports.

Golbar estimates the cost of shipping a container to the Far East at a few hundred dollars, while importing a container is almost $1, 000. Exports via Aqaba will shorten shipping times by several days, and saves the need to transit the Suez Canal. The fee for transiting the canal NIS 300, 000 (about $86, 000) for a 5, 000 TEU container ship.


Published by Globes [online], Israel business news –



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Copyright © 2021 Jewish Business News