Ports giant DP World is expanding its overland logistics network in a bet that shipping through the Strait of Hormuz — vital for its flagship container and industrial hub in the United Arab Emirates — won’t return to the status quo from before the US-Iran war.
The Dubai-based firm plans to grow its truck fleet by about 40% and add new land routes to diversify supply chains linking Europe, the US and Asia to the Persian Gulf, Chief Operating Officer for Freight Forwarding Europe Stephen Whittingham told Bloomberg in an interview.
