“For the current financial year (Apr 23-Mar 24), we have guided for Haifa Cargo volumes range of 10-12 MMT and APSEZ’s total cargo volume guidance of 370-390 MMT. In the initial six months (Apr-Sep 23), APSEZ’s total cargo volume was ~203 MMT, of which the Haifa share is ~6 MMT. We stay confident of APSEZs business performance,” the company spokesperson said.
The statement also mentioned that the company remains fully alert and prepared with a business continuity plan. Shares of billionaire Gautam Adani’s APSEZ fell recently as much as 3.8 per cent, as investors grew wary over possible escalation of a conflict in Israel, where the company owns a major port.
Adani operates the Haifa Port in northern Israel along with a local company after it completed its purchase for 4 billion shekels ($1.03 billion) in January. Haifa is one of the main seaports in Israel, where about 99 per cent of all goods move in and out of the country by sea.
