Ports giant DP World redraws Hormuz logistics with truck bet
· Source: economictimes.com
In short
DP World is expanding its overland logistics network, betting that shipping through the Strait of Hormuz won't return to pre-war norms after Iran closed the waterway. The Dubai-based ports operator plans to grow its truck fleet by about 40% to 1,000 vehicles and add new land routes through Turkey linking Europe, the US and Asia to the Persian Gulf. The diversification comes as volumes at its Jebel Ali hub reportedly fell nearly 60% in the first half of the year.
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Tags: logistics, supply chain, trucking, shipping, ports, DP World