DFM ---ADX ---
11hWhy Opt for Electronic Gold Receipts? The NSE’s Vision for a Self-Reliant DhanterasBusiness
17hSPARQ Transforms Game Development with the Launch of RYFT LaunchpadBusiness
18hModon Secures Record Dh13.7 Billion Financing to Fuel ExpansionBusiness
19hDewa, Acwa Sign Dh1.76 Billion Deal for World’s Largest Desalination PlantBusiness
19hEtihad Airways Resumes Abu Dhabi-Jeddah Flights Amid Regional DisruptionsBusiness
19hAdnoc Secures Long-Term LNG Supply Deal with Gujarat EnergyBusiness
19hLulu Retail Reports Strong Q3 Growth Driven by Digital ExpansionBusiness
20hDana Gas Sees 48% Profit Surge in First Nine Months of 2026Business
20hDubai Gold Prices Dip Ahead of Festive SeasonBusiness
21hAdipec 2026 Concludes with Record-Breaking $67 Billion in DealsBusiness
1dThe Rise of AI in the UAE: Balancing Productivity with Career AnxietyBusiness
1d11.11 Shopping Season: Amazon and Noon Kick Off Massive UAE SalesBusiness
1dDubai’s Strategic Move to Secure the Future of Global Family WealthBusiness
1dIndian Travellers Offered Exclusive UPI Discounts at Dubai Duty FreeBusiness
1dBurjeel Holdings Sees Significant Profit Surge as Patient Demand ClimbsBusiness
1dBurjeel Holdings Sees 42% Profit Surge Amid Rising Patient DemandBusiness
1dThe Future of Commuting: UAE Residents Could Soon Own Personal Flying CarsBusiness
1dAgthia’s Profits Surge Nearly Threefold Amidst Supply Chain ChallengesBusiness
1dEmirates Group Shows Resilience Amid Regional ChallengesBusiness
1dNavigating Post-Election Markets: Investor Caution Over AI and Policy UncertaintyBusiness
2dTa’ziz Secures $1.39 Billion for Major Ruwais Industrial ProjectsBusiness
2dAdnoc Continues Global Ascent as Energy Brands See Significant Value GainsBusiness
2dDubai’s DIFC Strengthens Ties with Japanese Tech SectorBusiness
2dIndiGo Eyes Expansion: In Talks to Purchase 100 Embraer JetsBusiness
2dADIB Launches Dh1.75 Billion Rights Issue: A Guide for InvestorsBusiness

Freight Costs Surge in UAE and GCC Amidst Hormuz Disruptions

Tue, Sep 22, 2026(45d ago)Business

Freight costs across the UAE and the broader Gulf region have skyrocketed, with some rates climbing tenfold since the closure of the Strait of Hormuz following the outbreak of the US-Israel-Iran conflict. Industry experts warn that the situation remains precarious, as persistent container shortages and disrupted supply chains are expected to drive prices up by another 25 percent in the coming months. Transit times that previously averaged 25 days have ballooned to as long as 90 days, forcing businesses to absorb significant "war surcharges" while navigating a highly volatile logistics landscape.

Despite these mounting logistical hurdles, many regional companies are demonstrating notable resilience by diversifying their export markets and expanding into new territories, including various African nations and Georgia. While developers and manufacturers are burdened by the inflated cost of raw materials and shipping, firms like the Danube Group and Casa Milano continue to report growth. However, experts like Masna Haseen of tradeX Link caution that elevated rates will likely persist through the fourth quarter, advising importers to plan carefully around upcoming holiday closures in China to avoid further delays in year-end deliveries.

Comments0
No comments yet. Be the first to share your thoughts.