Limassol-linked DP World eyes route around Hormuz

DP World, the global ports operator with a direct presence at Limassol port, is planning a new UAE east coast gateway that would allow cargo to bypass the Strait of Hormuz, as the war with Iran forces Gulf states to reconsider trade routes built around uninterrupted access to the waterway.

According to an exclusive Financial Times report, the Dubai-based group is in talks to develop a new multipurpose port on the Fujairah coast, alongside a new container terminal at the emirate’s existing...