A new route has been inaugurated for the export of Israeli goods to Asia and the Arab world from the Eilat port via Jordan’s Aqaba. Shipping times and costs to the Far East are less than those from Haifa and Ashdod, as it saves the need (and NIS 300,000 fees) to transit the Suez Canal.
http://www.globes.co.il/en/article-eilat-aqaba-port-red-sea-route-inaugurated-1000940001