According to FUNDER website data,
39 mutual funds hold shares in Israel Shipyards in the amount of NIS 27.6 million
Funds that hold significant holdings in the stock – for the full list of holdings
The following is a change in the holdings of mutual funds in the Israel Shipyards share, according to FUNDER-MVF data.
Zvika Schechterman, CEO of Israel Shipbuilding Industries, told FUNDER: “We are pleased to announce the expansion of our fleet. The current vessel, which will be received by the company in the coming months, has significant transport capacity and will allow the company to offer its customers a wider range of solutions. This acquisition is part of the company’s strategy to increase its fleet. “Its activity in operating ships in international markets and even the possibility of transporting cargo to Israel, as a complementary and synergistic service to the group’s other activities. This transaction strengthens the status of Israel Shipyards as a leading player in the maritime field.”
Israel Shipyards Industries Company Expands its fleet of ships. Today, the company reports that its subsidiary has signed an agreement to purchase a cargo ship for a total of about $ 10.85 million. The purchased ship, built in 2011, is particularly large, and has a carrying capacity of 37,500 tons. The transaction is expected to be completed during the months of April-June 2021.
The ship is intended to join the fleet of commercial ships operated by Israeli shipyards. After purchasing the ship, the company will have 12 ships according to the following division: 3 cement ships with a transport capacity of about 12,000-15,000 thousand tons which are used for the purpose of importing cement, 8 ships with a transport capacity of about 5,000-8,000 tons, and the purchased ship with transport capacity Of about 37,000 tons which are used to transport aggregates and general cargo.
Israel Shipbuilding Industries began operating cargo ships in 2013, And since then it has been consistently increasing its fleet of ships, transporting cargo in European and African regions. The activity is carried out alongside the activities of subsidiaries, Israel Shipyards, which operates in the field of vessel construction, Cement, which operates in the field of import and distribution of cement to Israel, and Israel Shipyards Port, which operates a port in Haifa that specializes in unloading general cargo. Today, the Israel Shipyards Port provides its customers with an end-to-end solution in this field, which includes cargo unloading, sorting, storage and distribution of goods and products.
Israel Shipbuilding Industries successfully completed an initial public offering (IPO) last September, in which it raised about NIS 340 million gross for about 20% of its shares. The company is traded on the Tel Aviv 90 index. The company’s backlog at the time of the issue amounted to NIS 300 million and is currently in the process of negotiating another deal worth NIS 430 million to build ships to the Asian country. In the third quarter of 2020, the company reported revenues of 556 a million shekels.
The Israel Shipbuilding Industries Company is owned by Shlomi Fogel, Sami Katsav, the Schmelzer family and the stock exchange Gold Bond Group. To the company, managed by Zvika ShechtermEstate, over 60 years of experience and is active in various fields, including: design and construction of military and civilian vessels in one of the most advanced shipyards in the world; Operation of the first private port in Israel; Cement import activity, in which the company became a leading player in the Israeli market within a few years; Logistics support activity in the gas production industry and owns a fleet of 11 cargo ships. The company intends to develop a number of growth engines over the next few years.
In the photo, from right to left – Shlomi Fogel, Asi Schmelzer, Sami Katsav, Credit Daniel Tsersky