Jebel Ali volumes plummet 90.1% in second quarter
AI Summary
DP World's Jebel Ali terminal experienced a sharp 90.1% decline in volume during the second quarter, attributed to the Strait of Hormuz closure disrupting throughput. This led to a 39.1% drop in first half profits for DP World, signaling significant operational challenges.
DP World reports 39.1% drop in first half profit as Strait of Hormuz closure brings throughput shock at flagship terminal.