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port-congestion

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Strait of Hormuz Closure Shifts Global Trade to African Routes and Middle East Land Corridorsinsidermonkey.com
world5 days agoDeveloping

Strait of Hormuz Closure Shifts Global Trade to African Routes and Middle East Land Corridors

The Strait of Hormuz has been closed for two months, prompting shipowners to use alternative land routes and reroute vessels around Africa. Congestion builds at ports like Jeddah, while Red Sea tensions exacerbate shifts in global container traffic. Costs and transit times have r…

Al-Monitor
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