DP World

DP World CEO warns Hormuz rerouting will lift prices

The head of DP World says the cost of moving trade around the Strait of Hormuz will reach shoppers well outside the Middle East. Group CEO Yuvraj Narayan warned that rebuilding supply chains to avoid the strait will eventually push…

DP World grows truck fleet 40% to bypass Strait of Hormuz

DP World, the Dubai-based ports and logistics giant, is expanding its overland freight network with a 40% increase in its truck fleet and new land routes, betting that shipping through the Strait of Hormuz will not return to pre-conflict levels,…

Dubai plans new Fujairah port to bypass Strait of Hormuz

DP World, the Dubai-based port operator, is planning to build a new multipurpose port and container terminal on the UAE's eastern coast near Fujairah, according to a report published Monday by the Financial Times London Stock Exchange Group plc. The…