China’s Port Fee Retaliation Lands Lightly on U.S. Carriers
The impact of Chinese port fees on US-owned and operated ships has proved milder than expected.
Photo: ImagineStock / Shutterstock.com
JERUSALEM, Oct 21 (Reuters) – Israeli shipping firm Zim said on Wednesday it would start to offer direct service to Jebel Ali port in the United Arab Emirates (UAE).
With its new line, Zim joins a number of international rivals – including MSC, Maersk – to announce they would offer a connection between Israel and the UAE since the countries agreed to normalize relations.
Zim said its line will take cargo from Jebel Ali to Israel’s Mediterranean Haifa port and, in the other direction, offer service from Israel and the eastern Mediterranean to the UAE.
Zim is 32% owned by Kenon Holdings .
Rani Ben Yehuda, a Zim executive vice president, said the new direct service to and from the UAE would lead to future growth “as well as further increase in the scope of our service portfolio.”
(Reporting by Ari Rabinovitch Editing by Steven Scheer)
(c) Copyright Thomson Reuters 2020.
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