INDIA - New Plans for Haifa Port

Arno Froese

Adani Group, headed by chairman Gautam Adani presents offers two scenarios in the presentation for repaying the investment in Haifa Port. According to the basic most positive scenario the company plans an unprecedented development boom. Adani plans using Haifa’s port NIS 2.08 billion to develop the real estate on land 10 times the current size of port buildings, from 100,000 square meters at present to 1.18 million square meters by 2027. The capital cost of this development will be NIS 900 million between 2023 and 2027.

According to the company’s base scenario, competition with the neighboring Haifa Bay Port, which is operated by China’s SIPG, will reduce the market share of the “old” Haifa Port in the containers sector from about 47% last year to only 39% in 2022 and to 35% in 2023, if there is some recovery afterwards. On the other hand, it predicts that the port’s share in the unloading and loading of general and bulk goods will increase from 16% in 2021 to 37% in 2027.

The presentation, in which many of the plans would have a long way to go before being approved, shows that the Indian company sees Haifa Port as something of a gold mine.

-en.globes.co.il, 4 August 2022

Arno's Commentary

The brief article concludes, “…the Indian company sees Haifa Port as something of a gold mine.” Asia’s gateway to Europe by ship runs from the Indian Ocean, into the Arabian Sea, to the Red Sea, through the Suez Canal, and then to the Mediterranean. The natural country to accommodate the international shipping business would be Egypt in the first place, followed by Libya. That apparently is not the case, because the Indian company sees Israel as having the safest and most profitable future for shipping investment. Denmark’s Maersk is listed as number one in the world, followed by Switzerland’s Mediterranean Shipping as the second largest, with number 10 being Haifa-based ZIM Integrated Shipping Service, with a global world share of 1.7%.

What is striking in these figures is that Switzerland, a landlocked country, operates the Mediterranean Shipping Company (MSC) with 606 giant container ships. India is not even listed in the top 30. It seems natural that this country, presently on the way to surpassing China population-wise, has a tremendous future. 

Israel is the chosen place. In September of 2021, the China-operated port in Haifa was opened. But in the future, the big Haifa Port will enable ships carrying more than 18,000 containers to dock in Israel.

BRICS Countries
In September of 2006, the initial four emerging economies, Brazil, Russia, India, and China, signed a formation treaty (South Africa would join later). In the meantime, Bangladesh, Egypt, United Arab Emirates, and Uruguay have joined forces under the financial umbrella of the New Development Bank.

This again shows how important internationalization plays a part now and in the future. Where will it lead? Unity, peace, prosperity, and security. That tendency is prevalent throughout the world. Natural resources, manufacturing, transportation, and communication are the four main pillars of the New World Order. Will they succeed? Our answer will remain the same: yes, albeit temporarily.

Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.

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