Ofer Brothers Group
Encyclopedia
The Ofer Group is an Israel
i family shipping business owned by the Ofer family. The Ofer family owns one of the largest private shipping companies in the world.
Sammy Ofer
, KBE
(22 February 1922 – 3 June 2011) born in Romania
, and brother Yuli Ofer
(1924 - 11 September 2011), established the Ofer Brothers shipping company in the 1950s. The Ofer Holdings Group deals in property in Israel and overseas. The company has branched out into aviation, high-tech, private equity, media and real estate. It is chaired by 50% owner Udi Angel.
Shares in Israel Corporation
, one of Israel's largest holding companies, were acquired by the Ofer family in 1999, with Ofer Holdings acquiring a stake as part of the extended group. The company's holdings include Zim
, Israel Chemicals
, Oil Refineries Ltd
(BAZAN) in Haifa
, Bank Mizrahi
, Tower Semiconductor
and more.
In 2011, the United States
imposed sanctions on the corporation after it allegedly sold a tanker to Iran Shipping Lines
. The company denied that it had ever sold ships to Iran. Ofer's subsidiary Tanker Pacific sold a tanker called Raffles Park to UAE's Crystal Shipping which then sold the ship to Islamic Republic of Iran Shipping Lines. A dozen other Ofer Brothers' ships have docked in Iranian ports over the past decade. The company claims it had been given permission for the dockings, but the Israeli government has denied this and has opened an investigation into the issue. In September 2011 the U.S. State Department removed Ofer Brothers Group from its list of companies engaged in business dealings with Iran.
On 3 June 2011, Sammy Ofer died at his Tel Aviv
home at the age of 89. On 11 September 2011, Yuli Ofer died at his Herzliya
home at the age of 87, thus both dodging the anti-sanction proceedings being brought against them.
Israel
The State of Israel is a parliamentary republic located in the Middle East, along the eastern shore of the Mediterranean Sea...
i family shipping business owned by the Ofer family. The Ofer family owns one of the largest private shipping companies in the world.
Sammy Ofer
Sammy Ofer
Sammy Ofer KBE was a businessman, shipping tycoon and one of the wealthiest people in Israel, although most of his time he spent abroad, and managed his businesses from Monte Carlo in Monaco...
, KBE
Order of the British Empire
The Most Excellent Order of the British Empire is an order of chivalry established on 4 June 1917 by George V of the United Kingdom. The Order comprises five classes in civil and military divisions...
(22 February 1922 – 3 June 2011) born in Romania
Romania
Romania is a country located at the crossroads of Central and Southeastern Europe, on the Lower Danube, within and outside the Carpathian arch, bordering on the Black Sea...
, and brother Yuli Ofer
Yuli Ofer
Judah "Yuli" Ofer was an Israeli businessman who specialized in the field of real estate and industry, and one of the wealthiest people in Israel...
(1924 - 11 September 2011), established the Ofer Brothers shipping company in the 1950s. The Ofer Holdings Group deals in property in Israel and overseas. The company has branched out into aviation, high-tech, private equity, media and real estate. It is chaired by 50% owner Udi Angel.
Shares in Israel Corporation
Israel Corporation
Israel Corporation is Israel’s largest holding company. Fifty of its manufacturing activities and 70% of its consolidated revenues derive from global operations. Its core holdings are fertilizers and specialty chemicals, energy, shipping and transportation. Israel Corp is a constituent of the...
, one of Israel's largest holding companies, were acquired by the Ofer family in 1999, with Ofer Holdings acquiring a stake as part of the extended group. The company's holdings include Zim
Zim Integrated Shipping Services
Zim Integrated Shipping Services Ltd. , formerly ZIM Israel Navigation Company Ltd. and Zim American Israeli Shipping Inc., is the biggest cargo shipping company in Israel, and 10th largest in the world...
, Israel Chemicals
Israel Chemicals
Israel Chemicals Ltd. , also known as ICL, is a multi-national Israeli manufacturing concern that develops, produces and markets fertilizers, metals and other special-purpose chemical products.-History:...
, Oil Refineries Ltd
Oil Refineries Ltd
Oil Refineries Ltd. , located in Haifa Bay, is Israel's largest Oil refinery. Using its state-of-the-art industrial facilities, ORL is capable of refining approximately 9.8 million tons of crude oil per year providing a variety of products used in industrial operation, transportation, private...
(BAZAN) in Haifa
Haifa
Haifa is the largest city in northern Israel, and the third-largest city in the country, with a population of over 268,000. Another 300,000 people live in towns directly adjacent to the city including the cities of the Krayot, as well as, Tirat Carmel, Daliyat al-Karmel and Nesher...
, Bank Mizrahi
Bank Mizrahi-Tfahot
Bank Mizrahi-Tfahot is a bank in Israel. The fourth largest in the country, it has around 90 branches. It was formed by a merger of Bank Mizrahi HaMeuhad and Bank Tfahot in 2004....
, Tower Semiconductor
Tower Semiconductor
Tower Semiconductor Ltd. , global specialty foundry leader and its fully owned U.S. subsidiary Jazz Semiconductor, operate collectively under the brand name TowerJazz, manufacturing integrated circuits with geometries ranging from 1.0 to 0.13-micron...
and more.
In 2011, the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
imposed sanctions on the corporation after it allegedly sold a tanker to Iran Shipping Lines
Iran Shipping Lines
The maritime fleet of the Islamic Republic of Iran Shipping Lines comprises 115 ocean-going vessels with the total capacity of . The ownership structure of the fleet comprises 87 ocean-going vessels in IRISL and 28 different types of ships under the flag of subsidiaries, including Khazar Shipping,...
. The company denied that it had ever sold ships to Iran. Ofer's subsidiary Tanker Pacific sold a tanker called Raffles Park to UAE's Crystal Shipping which then sold the ship to Islamic Republic of Iran Shipping Lines. A dozen other Ofer Brothers' ships have docked in Iranian ports over the past decade. The company claims it had been given permission for the dockings, but the Israeli government has denied this and has opened an investigation into the issue. In September 2011 the U.S. State Department removed Ofer Brothers Group from its list of companies engaged in business dealings with Iran.
On 3 June 2011, Sammy Ofer died at his Tel Aviv
Tel Aviv
Tel Aviv , officially Tel Aviv-Yafo , is the second most populous city in Israel, with a population of 404,400 on a land area of . The city is located on the Israeli Mediterranean coastline in west-central Israel. It is the largest and most populous city in the metropolitan area of Gush Dan, with...
home at the age of 89. On 11 September 2011, Yuli Ofer died at his Herzliya
Herzliya
Herzliya is a city in the central coast of Israel, at the western part of the Tel Aviv District. It has a population of 87,000 residents. Named after Theodor Herzl, the founder of modern Zionism, Herzliya covers an area of 26 km²...
home at the age of 87, thus both dodging the anti-sanction proceedings being brought against them.
See also
- Science and technology in IsraelScience and technology in IsraelScience and technology in Israel is one of the country's most developed sectors. The percentage of Israelis engaged in scientific and technological inquiry, and the amount spent on research and development in relation to gross domestic product , is amongst the highest in the world...
- Economy of IsraelEconomy of IsraelThe economy of Israel is a technologically advanced market economy, including a rapidly-developing high-tech and service sectors. As of 2010, Israel has the 24th largest economy in the world, and ranks 15th among 169 world nations on the UN's Human Development Index, which places it in the category...
- Naiot Venture AcceleratorNaiot Venture AcceleratorNaiot Venture accelerator is a technological Incubator, engaged in early seed startup investments. It is based in Yokneam, Israel.Naiot is a full subsidiary of the Ofer Hi-Tech Group, the venture capital investment arm of the Ofer Brothers Group...
- The Shakshuka SystemThe Shakshuka SystemThe Shakshuka System is a 2008 Israeli documentary film created by the Israeli investigative journalist Mickey Rosenthal and the Israeli director Ilan Abudi. The film focuses on the connection between private capital and government in Israel and suggests that a system exists whereby the State of...
- Sanctions against IranSanctions against IranThis article outlines economic, trade, scientific and military sanctions against Iran, which have been imposed by the U.S. government, or under U.S. pressure by the international community through the United Nations Security Council...