DP World’s Jebel Ali cargo volumes plunge 90% after Hormuz closure

  • DP World is rerouting cargo after the Strait of Hormuz closed.
  • Trade at Dubai’s Port of Jebel Ali fell 90%.
  • DP World added 700 trucks and committed $500 million to two Gulf of Oman facilities.

The closure of the Strait of Hormuz has driven a 90% decline in trade at Dubai’s Port of Jebel Ali, challenging Yuvraj Narayan, DP World’s new chief executive. The Middle East’s largest port operator is rerouting food and other essential commodities through road and rail links to ports in the Gulf of Oman, the Red Sea and Turkey. DP World has added 700 trucks to its regional fleet and committed $500 million to build two Gulf of Oman port facilities designed to bypass the strait.

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