Israel Shipyards is a large shipbuilding and repair facilities in the eastern Mediterranean.[2] The company also operates a privately owned port in Israel. The company's facilities are located at the Kishon Port (part of the Port of Haifa complex), next to the Uri Michaeli Haifa International Airport
Facilities include a shiplift (syncrolift), capable lifting up to 3,000 tons, or 100 m length overall ships, and a 1000 m-long quay with 12 m of water depth.
History
The company was founded in 1959 by the State of Israel to build both military and civilian ships, and to provide marine engineering upgrade, maintenance and repair services. In 1995, following years of underperformance and continued losses under state ownership, the company was privatized and sold to a group of local investors who, since 1998, have returned it to profitability.[3]
Israel Shipyards is controlled by the Shlomo Group (TASE:SHLD), a holding group owned by businessman Shlomo Shmeltzer.[3]