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Israel Shipyards
Israel Shipyards is one of the largest shipbuilding and repair facilities in the eastern Mediterranean. The company also operates the first and only privately owned port in Israel. The company’s facilities are located at the Kishon Port (part of the Port of Haifa complex) include a brand new shiplift (syncrolift), capable lifting up to 3000 tons, or 100 meters LOA ships, and about 1000 meters long quay with 12 meters 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. Today Israel Shipyards is controlled by the Shlomo Group (TASE:SHLD), a holding group owned by businessman Shlomo Shmeltzer. In May 2013, Israel Shipyard unveiled ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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New Israeli Shekel
The new Israeli shekel ( he, שֶׁקֶל חָדָשׁ '; ar, شيكل جديد ; sign: ₪; ISO code: ILS; abbreviation: NIS), also known as simply the Israeli shekel ( he, שקל ישראלי, ar, شيكل إسرائيلي), is the currency of Israel and is also used as a legal tender in the Palestinian territories of the West Bank and the Gaza Strip. The new shekel is divided into 100 agorot. The new shekel has been in use since 1 January 1986, when it replaced the hyperinflated old shekel at a ratio of 1000:1. The currency sign for the new shekel is a combination of the first Hebrew letters of the words ''shekel'' () and ''ẖadash'' () (new). When the shekel sign is unavailable the abbreviation ''NIS'' ( and ) is used. History The origin of the name "shekel" () is from the ancient Biblical currency by the same name. An early Biblical reference is Abraham being reported to pay "four hundred shekels of silver" to Ephron the Hittite for the Cave of the Patriarc ...
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Tugboats
A tugboat or tug is a marine vessel that manoeuvres other vessels by pushing or pulling them, with direct contact or a tow line. These boats typically tug ships in circumstances where they cannot or should not move under their own power, such as in crowded harbour or narrow canals, or cannot move at all, such as barges, disabled ships, log rafts, or oil platforms. Some are ocean-going, some are icebreakers or salvage tugs. Early models were powered by steam engines, long ago superseded by diesel engines. Many have deluge gun water jets, which help in firefighting, especially in harbours. Types Seagoing Seagoing tugs (deep-sea tugs or ocean tugboats) fall into four basic categories: #The standard seagoing tug with model bow that tows almost exclusively by way of a wire cable. In some rare cases, such as some USN fleet tugs, a synthetic rope hawser may be used for the tow in the belief that the line can be pulled aboard a disabled ship by the crew owing to its lightness com ...
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Hydrofoils
A hydrofoil is a lifting surface, or foil, that operates in water. They are similar in appearance and purpose to aerofoils used by aeroplanes. Boats that use hydrofoil technology are also simply termed hydrofoils. As a hydrofoil craft gains speed, the hydrofoils lift the boat's hull out of the water, decreasing drag and allowing greater speeds. Description The hydrofoil usually consists of a winglike structure mounted on struts below the hull, or across the keels of a catamaran in a variety of boats (see illustration). As a hydrofoil-equipped watercraft increases in speed, the hydrofoil elements below the hull(s) develop enough lift to raise the hull out of the water, which greatly reduces hull drag. This provides a corresponding increase in speed and fuel efficiency. Wider adoption of hydrofoils is prevented by the increased complexity of building and maintaining them. Hydrofoils are generally prohibitively more expensive than conventional watercraft above a certain disp ...
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Shaldag-class Fast Patrol Boat
The Shaldag-class patrol boat ( he, שלדג, ''Kingfisher'') is a small but fast class of patrol boats developed for the Israeli Navy and launched in 1989, it has since seen service with several other navies. Designed for security tasks where high intercept speeds are required, such as interdiction of terrorism and illegal smuggling. Its salient features high speed in rough seas, with good seakeeping and outstanding maneuverability, exceptionally low slamming in all sea states, dry decks at all speeds and very spacious and accessible internal arrangement. History The Shaldag class was conceptualized by Israel Shipyards in response to request from the Israeli Navy for a fast patrol boat to protect Israeli waters from terrorist threats. Design and construction The hull, deck and deckhouse are of welded marine aluminium alloy, with transverse frames and longitudinals. Integral double bottom tanks contain fuel with an additional gravity fuel tank at the center. The hull is divided ...
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Sa'ar 62 Class Offshore Patrol Vessel
The Sa'ar 62-class offshore patrol vessel, are a type of vessel used by the Cyprus Navy and the Azerbaijan Coast Guard The State Border Service of Azerbaijan Republic ( az, Azərbaycan Respublikası Dövlət Sərhəd Xidməti), also known as Border Guard of Azerbaijan, is a governmental law enforcement agency in charge of protecting the borders of Azerbaijan. The C .... The patrol vessels are based on the vessels. Design The patrol craft have a basic design, but are equipped with modern sensors, systems and weapons. The vessels armament gives them the capability to engage surface, air, and land threats and targets, and the countermeasure system can give them protection from anti-ship missiles and torpedoes. The vessels can deploy small boats for boarding operations, and search and rescue. The vessels have a flight deck for an Airbus EC135 helicopter that can be used to assist the vessel in its missions. {{DEFAULTSORT:Sa'ar 62 Class offshore patrol vessel Patrol vessels ...
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Sa'ar 4-class Missile Boat
The Sa'ar 4 or ''Reshef''-class missile boats were a series of missile boats built based on Israeli Navy designs grounded in accumulated experience derived in the operation of "Cherbourg" (Sa'ar 1, Sa'ar 2, and ) classes. Thirteen were built at the Israel Shipyards, ten for the Israeli Navy and three for the South African Navy. Another six were built for the South African Navy in South Africa with Israeli assistance. Sa'ar 4 boats' first battle engagements occurred in the October 1973 Yom Kippur War when two Sa'ar 4 boats, INS ''Reshef'' and INS ''Keshet'', engaged Egyptian and Syrian ships and coastal targets. Israel had sold most of its Sa'ar 4 boats to other navies, but INS ''Nitzachon'' and INS ''Atzmaut'' remained in active Israeli Navy service until 2014. Variants Israel Ten Sa'ar 4-class boats were built for the Israeli Navy. only two remain in service. Three were disassembled, with systems taken for use in the construction of vessels. Three vessels and one ...
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Sa'ar 5-class Corvette
Sa'ar 5 ( he, סַעַר, lit=storm) is a class of Israeli Navy corvettes. They were Israeli designed using lessons learned from the s. Three Sa'ar 5 ships were built by Huntington Ingalls Industries (formerly Litton-Ingalls Shipbuilding Corporation of Pascagoula, Mississippi) for the Israeli Navy, based on Israeli designs. They were the largest surface warships in Israel's naval fleet, although the Sa'ar 6-class corvette now being deployed are considerably larger. Although classified as "corvettes" due to their small size and crew of only 71, their weaponry and speed are almost comparable to that of a frigate. They are equipped with sonar, 2 triple torpedoes, 2 quadruple missile launchers, electronic warfare capabilities and decoys, a Close-in weapon system, 2 autocannon and a helipad and helicopter hangar. The first of class, , was launched in February 1993, followed by in August 1993 and in March 1994. Combat history On 14 July 2006 during the 2006 Lebanon War, INS ''Hanit' ...
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Sa'ar 4
Sa'ar ( he, סַעַר, ''lit.'' Storm) is a kibbutz in the western Galilee in Israel. Located near Nahariya, it falls under the jurisdiction of Mateh Asher Regional Council. In it had a population of . History The kibbutz was founded in August 1948 by members of the Socialist-Zionist youth movement Hashomer Hatzair and Holocaust survivors reviving the land of the village mentioned in the Bible by its ancient name Achzib Achziv ( he, אַכְזִיב} ''ʾAḵzīḇ''; ar, الزيب, ''Az-Zīb'') is an ancient site on the Mediterranean coast of northern Israel, between the border with Lebanon and the city of Acre. It is located north of Acre on the coast of ..., evidence of human settlement at the site dates back to the 18th century BCE. In August 2006, many of the kibbutz residents fled in the wake of Hezbollah rocket fire of up to 60 rockets a day. Kibbutz member David Lelchook was killed by shrapnel from a missile that hit the front yard of his home. Economy ...
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Israeli Navy
The Israeli Navy ( he, חיל הים הישראלי, ''Ḥeil HaYam HaYisraeli'' (English: The Israeli Sea Corps); ar, البحرية الإسرائيلية) is the naval warfare service arm of the Israel Defense Forces, operating primarily in the Mediterranean Sea theater as well as the Gulf of Eilat and the Red Sea theater. The current commander in chief of the Israeli Navy is Aluf David Sa'ar Salama. The Israeli Navy is believed to be responsible for maintaining Israel's offshore nuclear second strike capability. History The origins of the Israeli Navy lay in the founding of the Betar Naval Academy, a Jewish naval training school established in Civitavecchia, Italy, in 1934 by the Revisionist Zionist movement under the direction of Ze'ev Jabotinsky, The Academy trained cadets from all over Europe, Palestine and South Africa and produced some of the future commanders of the Israeli Navy. In September 1937, the training ship ''Sarah I'' visited Haifa and Tel Aviv as part ...
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Sa'ar 72-class Corvette
''Sa'ar 72'' ( he, סער 72) is a new class of Israeli Navy corvettes designed by Israel Shipyards Ltd. as an improved and stretched . The first Sa'ar 72 was expected to become operational in 2015. Subsequent vessels were planned to enter service at the rate of one every eight months. History The design was first unveiled at the International Maritime Defence Exhibition (IMDEX) Asia in Singapore in May 2013. See also * Sa'ar 62 class offshore patrol vessel * Sa'ar 4-class missile boat * Sa'ar 4.5-class missile boat * Sa'ar 5-class corvette * Israeli Navy The Israeli Navy ( he, חיל הים הישראלי, ''Ḥeil HaYam HaYisraeli'' (English: The Israeli Sea Corps); ar, البحرية الإسرائيلية) is the naval warfare service arm of the Israel Defense Forces, operating primarily in ... References {{Reflist Corvette classes Proposed ships Proposed weapons of Israel ...
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Tel Aviv Stock Exchange
The Tel Aviv Stock Exchange (TASE; ; colloquially known as The Bursa, ) is Israel's only public stock exchange and a public company that has been traded on the Tel-Aviv Stock Exchange since August 1, 2019. Legally, the exchange is regulated by the ''Securities Law (1968)'', and is under the direct supervision of the Israel Securities Authority (ISA). TASE plays a major role in the Israeli economy, and the 23 TASE members are major banks and investment houses. Trading on TASE is conducted solely through the TASE members that collect a fee for the services they provide. TASE serves to trade securities and to raise capital and debt for companies and the government on the Israeli capital market. History and milestones The Tel Aviv Stock Exchange was established in 1953. Even prior to this, commencing in 1935, securities trading was carried out in the Land of Israel and, afterwards, in the State of Israel at the mandate-period Anglo-Palestine Bank (today, Bank Leumi). The trade ...
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