Overview

• Maersk suspended vessel calls at Haifa Port on June 20 after risk reports flagged potential threats to crew in the Israel-Iran conflict.
• The decision follows an Iranian ballistic missile strike on Bazan refinery that forced its shutdown and caused shrapnel to land at the port.
• Haifa Port handles roughly 20 million tonnes of cargo annually and is majority owned by Adani Ports and SEZ, which has invested $1.2 billion.
• Adani Group has assured investors that its overseas assets remain secure despite escalating regional volatility.
• Experts warn Maersk’s halt could boost already rising ocean freight rates and disrupt the India-Middle East-Europe Economic Corridor that depends on the Israeli hub.