Strait of Hormuz disruptions impact regional shipping and DP World earnings
Container volumes at Jebel Ali plunged nearly 90% due to the Hormuz situation, though DP World's global network offset the home market slowdown.
- Container volumes at Jebel Ali plunged nearly 90% in the second quarter.
- DP World's global network of ports helped offset the home market slowdown from Hormuz disruptions.
- A small fleet of oil tankers is effectively running the Hormuz waterway despite US and Iran claims.