Backlog at Israeli ports grows as country steps up shipping supplies
© Reuters. FILE PHOTO: A dockworker wearing a mask is seen near containers as he works at port, during the spread of coronavirus disease , in Ashdod, Israel March 18, 2020. REUTERS/Amir Cohen/File photo
Israel has faced heavy rocket barrages including in the south of the country, which has prompted the closure of Ashkelon port, which is the nearest terminal to Gaza. At least three cargo and dry bulk ships carrying cargo bound for Ashdod had stopped in waters nearby, with a further three vessels including an oil tanker and a container ship heading for the port, data from ship tracking and maritime analytics provider MarineTraffic showed on Sunday.
Marine war insurance rates have surged more than ten fold since the attacks last week and some underwriters were reviewing cover provisions for Ashdod although Haifa remained unaffected, industry sources said. "Similarly, the Strait of Hormuz, a backbone for oil and gas shipping, could be affected. However, the extent of these effects will largely depend on the conflict's expansion and duration."
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