Global container shipping giant Maersk has announced a temporary pause on the vessel calls at Haifa Port in Israel. The development comes as tension between Israel and Iran continues. Though there is some easing of tension, Maersk’s pause of vessel calls at Haifa Port could be a potential worry for Adani Ports & SEZ
Adani Ports and SEZ has invested about $1.2 billion in the Israeli port. Maersk is the second-largest shipping company, and its pause on vessel calls could hurt the business of Haifa port, which is largely owned by the Adani group.
Adani Group’s response
Earlier on Wednesday, Pranav Adani, Director of Adani Enterprise, assured that the group’s overseas assets are safe. According to an ANI report, Pranav Adani said, “ There are concerns, but luckily, all our assets abroad are safe. We shouldn’t worry about it.
Despite the assurances, the worries for Adani Group are increasing as Israel and Iran continue to exchange long-range missiles, often targeting the military establishments and critical infrastructure.
The Haifa port is a critical hub for Israel’s seaborne trade, handling around 20 million tonnes of cargo annually. It serves both commercial and military purposes, given its proximity to Israeli naval installations.
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