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Eilat Port remains empty despite end of war

Eilat Port, once bustling with imported vehicles from Asia, remains nearly deserted despite the recent ceasefire. The threat from regional instability has kept commercial traffic away, and government plans to revive the port have yet to be implemented. The Knesset Finance Committee is considering two main options: mandating vehicle importers to use Eilat Port or providing direct financial support to keep it operational.

Meanwhile, the Ministries of Finance and Transport are debating whether to extend the port's operating concession or launch a new tender, citing the port's failure to meet container traffic requirements. Expert analysis suggests that Eilat Port is not viable for regular container shipping due to infrastructure and location constraints, and that its best use is for vehicle imports or emergency operations. The war has severely impacted the port's revenue and activity, with a dramatic drop in ship arrivals and vehicle imports, contributing to higher costs and delays at other Israeli ports.

Original article source: https://en.globes.co.il/en/article-eilat-port-remains-empty-despite-end-of-war-1001531858
Source Id: 9040852587

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