Hormuz closure a fatal blow for Dubai and Abu Dhabi transhipment volumes

The closure of the Hormuz Straits, now approaching its eighth month, has been predicted to lead to the permanent loss transhipment traffic for the Gulf’s two largest container facilities, Jebel Ali and Khalifa. Prior to the outbreak of the US-Israel-Iran conflict, the two UAE ports were a favoured waypoint for relay transhipment operations – boxes moving between Asia-Europe vessels and ships deployed on north-south trades. However, a combination of soaring insurance premiums ... The post Hormuz closure a fatal blow for Dubai and Abu Dhabi transhipment volumes appeared first on The Loadstar .