The CEO of the Port of Ashdod Company, reported an increase in TEU terms.
Shuki Sagis, the CEO of the Port of Ashdod Company, reported an increase in TEU terms of 3% in the total volume of containers during the eleven months period, January ? November 2008, as compared with parallel period in 2007. In the first 11 months the port handled TEU 754,076 compared to TEU 746,446 in the parallel period, an increase of 1%. Sagis noted that despite the general decline in economic activity the port has been stable and successful in solving many obstacles in the operational chain, enabling a continuous and more efficient work from the operational aspect.
Average operational waiting time for cargo vessels during the 11 months period was down 72.4% to 10.8 hours compared to 39.3 hours in 2007. Turnaround time for cargo vessels was down 40.4% to 54.6 hours compared to 91.7 hours in 2007. During November the port handled a total of TEU 78,682 compared to TEU 67,688 in the parallel, an increase of 16.2%. TEU 38,718 were unloaded, compared to TEU 31,311 in November 2007, an increase of 23.7% and TEU 39,964 were loaded, compared to TEU 36,377 in November 2007, an increase of 9.9%.