Port activity
DP World Spends $100m a Month Keeping Jebel Ali Ready as Ships Divert
DP World is spending about $100m a month to keep Jebel Ali in a state of readiness while vessels avoid the crisis-hit UAE gateway, with the port running at around 10% of normal capacity.
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Industry
Hormuz Cargo Volumes Down More Than 90% After Six Months of Conflict
Cargo volumes through the Strait of Hormuz have fallen by more than 90% after six months of Middle East conflict, with 88 vessel attacks recorded since March and UAE box throughput down 65% year on year.
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Port activity
DP World signs 50-year deal for two new Fujairah terminals
DP World has reached a formal agreement in principle to build two new terminals on the UAE's east coast, expanding its gateway network well beyond the Strait of Hormuz.
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