LONDON (Jul. 20)
The German-built floating repair dock which has been in service at Haifa harbor only a few months has already earned Israel some 250,000 Israel pounds which otherwise would have been spent abroad for the repair of Israel shipping, it was reported here today in the current issue of Barclay’s Bank Overseas Review, an economic publication covering developments in all parts of the world.
The Overseas Review said that among other work done at the floating dock, obtained as part of the reparations payments program from West Germany, was the repair of 16 ships owned by ZIM Navigation Company. The dock gives employment to 240 persons, most of whom learned their trades fairly recently. Because of the added costs entailed in moving men and parts from Haifa’s shops to the moored dock, the installation will eventually be moved into the new Kishon harbor, closer to the shops, the Overseas Review said.
The publication also reports other new Israel economic developments, including the fact that an Israel shoe company has exported 4,800 pairs of shoes to Poland as an “experiment” and is expected to ship shoes to Burma and other countries soon. Air conditioning units worth $120,000 have been shipped abroad by the Electra Company of Israel, the Overseas Review reported. The company, which only began exporting last December, has already shipped 400 units to West Africa, Malaya, Burma, Cyprus and Italy.